Pic: Adobe Stock
Bangladesh’s manufacturing sector saw a significant decline in its expansion rate, dropping from 76.3 in May to 61.7 in June, according to the Metropolitan Chamber of Commerce and Industry (MCCI). This deceleration affected several key indexes, reflecting a broader trend of slowed growth within the sector.
The manufacturing sector's slowdown was evident across various indexes. New orders, new exports, factory output, input purchases, employment, and supplier deliveries all posted slower expansion rates. This indicates a widespread deceleration in the sector's overall activity.
Additionally, the indexes for imports and input prices also experienced slower expansion rates. In contrast, the order backlog index saw a faster expansion rate, suggesting that unfulfilled orders have increased. The finished goods index, which had shown three months of expansion, reverted to contraction, highlighting further challenges within the sector, MCCI said in its latest PMI release.
Looking ahead, the future business index also recorded slower expansion rates for all key sectors, including manufacturing.
Fibre2Fashion News Desk (DP)