DHAKA, Nov. 7 (Xinhua) -- The Purchasing Managers' Index (PMI) for Bangladesh increased by 6.0 points in October from the previous month to revert to an expansion at 55.7, after recording three months of consecutive contractions, the country's mainstream trade organization said Thursday.
The latest readings provide early indications of a return to expansion track for the Bangladesh economy with agriculture, construction, and service sectors posting expansion for the first time in months, whereas the manufacturing sector posted a faster rate of expansion, the Metropolitan Chamber of Commerce and Industry said in its latest PMI report.
In terms of the future business index, slower expansion rates were recorded for all key sectors of agriculture, manufacturing, construction, and services.
Despite all key sectors of the economy posting expansion readings, the country continues to grapple with domestic challenges such as frequent protests and sluggish improvements in law and order, as well as the slowdown in public administration, according to the release.
