The January reading of the Bangladesh Purchasing Managers’ Index has increased by 4 points from the previous month to record a faster expansion rate at 65.7.
This latest PMI reading was attributed to a faster rate of expansion posted by the sectors of agriculture, construction and services, whereas the manufacturing sector posted a slower expansion rate.
The Metropolitan Chamber of Commerce and Industry, Dhaka and Policy Exchange Bangladesh successfully released the Bangladesh Purchasing Managers’ Index January report today.
The agriculture sector posted a fourth month of expansion and at a faster rate. The sector posted a faster expansion rate for the business activity index.Â
Both the indexes of new business and order backlogs reverted to expansion readings. However, the employment index reverted to a contraction and the input costs index posted a slower expansion.
The manufacturing sector posted a fifth month of expansion but at a slower rate. The sector posted slower expansion readings for the indexes of new orders, new exports, factory output, input purchases, imports, input prices, and supplier deliveries.Â
The finished goods index posted a faster expansion, whereas the employment index reverted to an expansion. The order backlogs index posted a slower contraction rate.
The construction sector posted a second month of expansion and at a faster rate.
The sector posted faster expansion readings for the indexes of new business, construction activity, and input costs.Â
The employment index reverted to a contraction, and the order backlogs index posted a faster contraction rate.
The services sector posted a fourth month of expansion and at a faster rate. The sector posted a faster expansion rate for the indexes of new business, business activity, employment, and order backlogs.
The input costs index reverted to an expansion.
In terms of the future business index, all key sectors of agriculture, manufacturing, construction and services posted slower expansion rates.
