logo
Bangladesh's June 2025 PMI sees slower expansion rate

Bangladesh's June 2025 PMI sees slower expansion rate

Fibre2Fashion08-07-2025
Bangladesh's purchasing managers' index (PMI) declined by 5.8 points month on month (MoM) in June this year to 53.1—a slower expansion rate.
The reading indicates that the overall Bangladesh economy continued to expand for nine months in a row. It was attributed to a first-time contraction for the construction sector, whereas slower expansion rates were observed for the rest of the important sectors: agriculture, manufacturing and services.
Bangladesh's PMI declined by 5.8 points month on month in June this year to 53.1â€'a slower expansion rate. The reading indicates that the overall Bangladesh economy continued to expand for nine months in a row. The manufacturing sector posted its 10th month of expansion, but at a slower rate. The sector saw contraction readings for the indices of input purchases, finished goods, imports and employment.
The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, and Policy Exchange Bangladesh (PEB) released the PMI data.
The manufacturing sector posted its 10th month of expansion, but at a slower rate. The sector posted contraction readings for the indices of input purchases, finished goods, imports and employment, domestic media outlets reported.
Slower expansion readings were recorded for the manufacturing indices of new orders, new exports, factory output, input prices and supplier deliveries. The order backlogs reverted to an expansion reading after having recorded contractions for 10 consecutive months.
The agriculture sector posted its 9th month of expansion, but at a slower rate.
In terms of the future business index, slower expansion rates were recorded for the indices of manufacturing and construction.
Fibre2Fashion News Desk (DS)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Buoyant global demand continues to support India's economic output, says S&P Global
Buoyant global demand continues to support India's economic output, says S&P Global

Mint

timean hour ago

  • Mint

Buoyant global demand continues to support India's economic output, says S&P Global

Operating conditions across India's private sector continued to improve in July, with a sharp expansion in total sales, export orders and output levels, S&P Global said on Thursday, citing its latest HSBC flash purchasing managers index (PMI) data. At 60.7 in July, the seasonally adjusted composite output index, which measures the monthly change in the combined output of India's manufacturing and service sectors – was little-changed from June's final print of 61, signalling another month of high growth, S&P said. The headline figure remained well above its long-run average of 54.8, the credit rating and intelligence provider said. Goods producers registered a faster increase in output than service providers as the pace of expansion picked up to the strongest since April 2024. There was a softer upturn in services activity during July, though growth remained sharp by historical standards, S&P said. Its manufacturing purchase managers index, which combines data on new orders, output, jobs, supplier delivery times and inventories, rose from 58.4 in June to 59.2 in July, its highest reading in almost 18 years and indicative of a robust improvement in the health of the manufacturing industry. The manufacturing PMI output index stood at 62.5 in July, compared to 62.1 in June. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. As was the case for output, new orders increased to a greater extent in the manufacturing industry than in the service economy, as growth quickened in the former and eased in the latter, the S&P said. At the composite level, overall sales expanded at the fastest pace in exactly a year. The strong performance in the composite index was bolstered by growth in total sales, export orders, and output levels, the statement quoted Pranjul Bhandari, chief India economist at HSBC, as saying. 'Indian manufacturers led the way, recording faster rates of expansion than services for all of the three aforementioned metrics. Meanwhile, inflationary pressures continue to heat up as both input costs and output charges rose in July," he said. Bhandari also said business confidence fell to its lowest since March 2023, while employment growth moderated to its weakest pace in 15 months. S&P said July data highlighted a pick-up in cost pressures across the private sector. According to monitored firms, aluminium, cotton, food items like cooking oil, egg, meat and vegetables as well as rubber, steel and transportation saw prices increase. The rate of inflation was solid, but below its long-run average. Services companies recorded a faster increase in input prices than their manufacturing counterparts, S&P said. The RBI estimates India's economy will grow at 6.5% in the current financial year. The June quarter is expected to have seen 6.5% growth, followed by a 6.7% expansion in the September quarter, 6.6% in the December quarter and 6.3% in the March quarter. Risks are evenly balanced, according to the RBI.

Manufacturing drives India's flash PMI to 60.7 in July, private sector shows robust growth
Manufacturing drives India's flash PMI to 60.7 in July, private sector shows robust growth

Hans India

time2 hours ago

  • Hans India

Manufacturing drives India's flash PMI to 60.7 in July, private sector shows robust growth

New Delhi: India's private sector showed robust growth in July, fuelled by strong manufacturing and global demand, the HSBC Flash India Composite Purchasing Managers' Index (PMI) showed on Thursday. The headline HSBC Flash India Composite PMI Output Index, compiled by S&P Global, rose to 60.7 in July from 58.4 in June. The Manufacturing PMI index climbed to 59.2 in July from 58.4 in June - its highest level in nearly 17-and-a-half years. The Services PMI was 59.8 in July, down from 60.4 in June. While services activity continued to grow, the pace of expansion softened, according to the note. "India's flash composite PMI remained healthy in July at 60.7. The strong performance was bolstered by growth in total sales, export orders, and output levels. Indian manufacturers led the way, recording faster rates of expansion than services for all of the three aforementioned metrics," said Pranjul Bhandari, chief India economist at HSBC. International orders received by private sector firms in India rose sharply at the start of the second fiscal quarter (Q2 FY26). "Meanwhile, inflationary pressures continue to heat up as both input costs and output charges rose in July. Finally, business confidence fell to its lowest mark since March 2023, while employment growth moderated," Bhandari noted. The Indian companies remained optimistic about output growth over the next 12 months. There is a firm pick-up in employment, especially in the service sector, suggesting healthy job creation accompanies the expansion of both India's manufacturing and service sectors, according to the note. While goods producers indicated the slowest increase in output for three months during May, service providers reported the fastest rise since March 2024. At the composite level, the latest upturn was the quickest in just over a year. Monitored companies attributed growth to buoyant demand, investment in technology and expanded capacities, said the HSBC survey.

Ramchander Rao outlines vision for inclusive devpt in Telangana
Ramchander Rao outlines vision for inclusive devpt in Telangana

Hans India

time2 hours ago

  • Hans India

Ramchander Rao outlines vision for inclusive devpt in Telangana

Hyderabad: BJP Telangana State President N Ramchander Rao presented a comprehensive roadmap for balanced industrial development in Telangana while addressing a gathering at the Federation of Telangana Chambers of Commerce and Industry (FTCCI) on Wednesday. He stressed that Telangana's growth should not be concentrated in Hyderabad alone. Instead, it should be distributed across Tier-2 and Tier-3 cities to ensure equitable progress. Rao was reflecting on India's transformation since independence, noting that the country has transitioned from a recipient of foreign aid under programs like America's PL-480 to an exporter of high-quality agricultural products. 'Today, we are not just self-reliant but actively supporting other nations,' he said. He pointed out that Prime Minister Narendra Modi's vision of a 'developed India by 2047' is driving ambitious reforms and industrial expansion nationwide. Countering criticism that the BJP is a 'corporate government,' Rao argued that without corporate sector participation, industrial growth would be impossible. He highlighted how Indian professionals have flourished globally—in science, medicine, and business leadership roles in the United States, Africa, and the United Kingdom. However, such spirit has been lacking back at home for a long time. This issue needs to be probed and addressed properly, he added. To address this issue, he highlighted central government initiatives like Startup India, Standup India, and Make in India. Rao said these schemes, coupled with low-interest Mudra loans, are reshaping the entrepreneurial landscape. However, he flagged concerns that banks are falling short in loan disbursement and called for better oversight. 'The MSME sector offers the largest employment opportunities—it deserves robust support,' he emphasized. While Telangana's climate and resources are conducive to industrial growth around Hyderabad, Rao urged development to radiate across the state. Plans for a regional ring road and a circular rail network around Hyderabad were cited as key infrastructure projects that will support decentralization and reduce migration to urban centers. On employment, Rao urged youth to shift focus from government jobs to self-employment, echoing PM Modi's call to become 'job givers.' He named artificial intelligence, semiconductors, pharmaceuticals, and cellphone manufacturing as sectors ripe with opportunity, enabled by supportive central policies. He cited the success of companies like Tata-Boeing as evidence of India's expanding industrial prowess. Rao also praised the Jan Dhan Yojana for universalizing bank access and enabling direct benefit transfers. 'Every rupee reaches citizens directly—no intermediaries, no cheques,' he said, contrasting it with earlier regimes where only a fraction of allocated funds reached beneficiaries. Rao also acknowledged existing challenges in industrial growth and welcomed suggestions from business leaders to refine policy. 'We are committed to taking your ideas to the Centre for constructive change,' he assured.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store