Industry in Bangladesh
Bangladesh - IndustryThe economy appears to be in good shape so far in FY 2020, which started in July. In July–October, remittances increased by around one-fifth in U.S. dollar terms compared to the same period a year earlier. In addition, wages of low-skilled workers rose annually by over 6% in July–September and bank lending increased by over 12% in the same period. These developments indicate healthy domestic demand. They also likely mitigated the impact of the introduction of a wider VAT regime and a one-third increase in natural gas prices in July. However, in July–October, exports of goods decreased by nearly 7% in annual terms, largely due to a drop in ready-made garment exports. In other news, two large Saudi energy companies announced in October they will soon build an LNG facility in Bangladesh worth approximately USD 3 billion, boding well for fixed investment.
Bangladesh - Industry Data
|Industrial Production (annual variation in %)||12.0||8.7||11.8||13.1||14.6|
5 years of economic forecasts for more than 30 economic indicators.
Bangladesh Industry Chart
Source: Bangladesh Bureau of Statistics
|Exchange Rate||84.50||0.14 %||Sep 04|
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