PMI shows robust economic expansion in April

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 Bangladesh 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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