Bangladesh's PMI rises to 55.7 in October, signaling economic recovery

DHAKA, Nov. 7 (Xinhua) -- The Purchasing Managers' Index (PMI) for Bangladesh increased by 6.0 points in October from the previous month to revert to an expansion at 55.7, after recording three months of consecutive contractions, the country's mainstream trade organization said Thursday.

The latest readings provide early indications of a return to expansion track for the Bangladesh economy with agriculture, construction, and service sectors posting expansion for the first time in months, whereas the manufacturing sector posted a faster rate of expansion, the Metropolitan Chamber of Commerce and Industry said in its latest PMI report.