Bangladesh’s manufacturing sector has shown impressive recovery in industries like machinery, clothing, and electrical equipment, printing, chemicals and many more. According to the latest figures from the Bangladesh Bureau of Statistics (BBS), the growth has reached by 11.39% in October also bringing $4.13 billion in export earnings, a 20.60% increase from last year.
The tobacco industry, leather industry, and motor vehicle industry face big challenges that slow down overall economic progress. The ready-made garment (RMG) sector is very important for the country’s economy because it keeps growing with a positive future.
The RMG sector has been a key player, bringing in $3.30 billion—an impressive 22.8% increase from last year. This growth shows that Bangladesh’s manufacturing sector is regaining its strength. With this positive growth, there’s a real possibility for the sector to keep driving the economy forward in the months ahead and offering hope for even more progress.
Source: Business Inspection BD
