Economy in April has slowed down, falling on the PMI index

In April, the economy's pace decreased. The value of the Purchazing Managers Index or PMI index in the country's main four sectors has dropped by 9.5 points in April. This value has dropped to 12.75 points, which has been the lowest since last October. In March, the value of the index was 9.5.

The Metropolitan Chamber of Commerce (MCCI) and the Research Institute Policy Exchange of Bangladesh have been formulating this PMI index for a year. The index was released on Thursday.

If the PMI index is more than 1, the economy is expanded and the contraction is below 5. If the value is 1, then there is no change in that month in the respective sector. In July last year, the PMI value fell to 5.7 points in the wake of quota reforms and government collapse movement. In August, it rose slightly to 9.5 points. In October, it rose to 9.5 points. Since then the economy has been in the stream of expansion.

According to the MCCI and Policy Exchange report, the four major sectors of the country's economy were expanded last month, though the expansion pace has diminished. Like the seventh month in the agricultural sector, the production sector has been expanded for eight months, the construction sector five months and the service sector has been expanded for seven months. The future of the main four sectors has been said that even if the production and construction index is expected to grow high growth, the agriculture sector will expand slowly.

Regarding this report, Chairman and CEO of Policy Exchange Bangladesh M Masroor Riaz said that the PMI recently indicated that the expansion of the main sectors of the economy continued, though the speed has decreased somewhat. PMI in April has been the lowest since the expansion began in October. Due to the long holidays, the closing of the business, the initial impact of Trump's tariff in the garment sector and the fuel supply problem is probably the cause of this slow.