The PMI is a leading economic indicator which helps understand the economic health of a country. It provides insights into key economic sectors and captures early trends, speakers at a discussion session observed on Saturday.
Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), in collaboration with Policy Exchange Bangladesh (PEB), with the support of the Foreign, Commonwealth, and Development Office (FCDO), organized a Focus Group Discussion (FGD) on the Purchasing Managers’ Index (PMI) for Bangladesh on Saturday at its Motijheel office.
The PMI data index is compiled from monthly surveys of private sector enterprises. The program was formally launched in Bangladesh on 5 February 2024.
In his welcome remarks, the MCCI Secretary-General and CEO said that the PMI was already in use in many countries to gauge the economic health of a nation.
The purpose of this FGD was to disseminate information and effectively convey the details of the PMI to the media community, facilitating their documentation and coverage.
The PEB Chairman said that since the PMI offered quantified description, comparison and quantification were possible. Although the PMI was launched in early February 2024, there was 1.5 years of preparation behind it.
Hasnat Alam, Senior Manager, Market and Policy Advisory, PEB gave a brief presentation on the PMI program.
