Dhaka, Aug. 8 -- Bangladesh's economy showed stronger signs of growth in July, with business activity rising across key sectors. According to the latest Purchasing Managers' Index (PMI), the score jumped to 61.5, up from 53.1 in June, indicating a faster pace of expansion in the private sector.
The report was released jointly by the Metropolitan Chamber of Commerce and Industry (MCCI) and Policy Exchange Bangladesh (PEB).
The PMI is a widely used tool to assess the health of the economy. A reading above 50 means business activity is growing, while below 50 suggests a slowdown.
The rise in July's PMI was largely supported by better performance in manufacturing and services.In the manufacturing sector, businesses saw more new orders, incre...