Dhaka, Nov. 10 -- Bangladesh's economy expanded at a faster pace in October, with the country's Purchasing Managers' Index (PMI) climbing by 2.7 points from the previous month to reach 61.8, signaling broad-based growth across agriculture, manufacturing, construction, and services.

The PMI, compiled jointly by the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), and Policy Exchange Bangladesh (PEB), serves as a forward-looking indicator of economic health. A reading above 50 signifies expansion, while one below 50 indicates contraction.

Broad-based expansion across sectors

According to the October report published on Sunday, the agriculture sector posted its second consecutive month of growth, buoyed by favorable weather co...