PMI shows robust economic expansion in April
Dhaka, May 9 -- Bangladesh's economy experienced a robust expansion in April, with the maiden PMI (Purchasing Managers' Index) value recorded at 62.2 for the month.
The first-ever PMI was launched on Thursday at a ceremony jointly organised by Policy Exchange and the Metropolitan Chamber of Commerce and Industry (MCCI).
A PMI value above 50 shows the economy is expanding while a reading below 50 suggests the economy is shrinking.
However, the April PMI value was down by 2.1 points from March, when the PMI was 64.3.
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Published by HT Digital Content Services with permission from The Financial Express....
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