Industry in Bangladesh
Bangladesh - IndustryGDP likely continued to lose impetus in Q3 FY 2022 (January–March 2022) as a surge in Covid-19 cases in January is expected to have hampered output. Despite cases ebbing in February, allowing authorities to reduce a number of restrictions by March, the government continued to take a cautious approach to dropping all measures, likely hindering activity. In late March, Moody’s credit rating agency affirmed Bangladesh’s credit rating at ‘Ba3’ with a stable outlook, noting healthy export growth and the strong macroeconomic stability provided by remittances throughout the pandemic. In other news, despite the recent rise in global oil prices straining public coffers, authorities recently stated they will refrain from raising domestic fuel prices and are more likely to increase subsidies in the upcoming fiscal year budget to keep prices stable, boding well for consumer spending.
Bangladesh - Industry Data
|Industrial Production (annual variation in %)||11.8||13.1||14.6||14.8||8.6|
5 years of economic forecasts for more than 30 economic indicators.
Bangladesh Industry Chart
Source: Bangladesh Bureau of Statistics
|Exchange Rate||84.89||0.14 %||Jan 01|
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