Factory activity on slow recovery path
Factory activity in Bangladesh rose 4.39 per cent year-on-year in August as the economy embarked on a journey to recovery from the wreckage caused by the coronavirus pandemic, official data showed.
The manufacturing activity, however, was 12.91 per cent lower than the level of July, pointing to the slower than expected recovery.
The Quantum Index of the large and medium-scale manufacturing industry, which accounts for 87.54 per cent of the industrial production in Bangladesh, stood at 409.83 in August this year compared to 392.61 in August last year.
It was 470.58 in July, according to the Bangladesh Bureau of Statistics (BBS).