Dhaka, Aug. 7 -- Bangladesh's economic momentum picked up notably in July, with the country's Purchasing Managers' Index (PMI) rising by 8.4 points from the previous month to reach 61.5, signalling a robust expansion in business activity.

The July PMI, jointly released on Thursday by the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka and Policy Exchange Bangladesh (PEB), reflects a growing confidence in the country's economic landscape.

Developed with support from the UK government and technical assistance from the Singapore Institute of Purchasing & Materials Management (SIPMM), the Bangladesh PMI is a pioneering initiative designed to provide timely, reliable insights for businesses, investors and policymakers.

Governmen...