Growth picks up in Q2 as factory output recovers
Bangladesh's economy grew at a faster pace in the second quarter of the current fiscal year as industrial production rebounded, official data showed.
The economy expanded by 4.48 percent in the October-December period of fiscal year 2024-25, up slightly from 4.47 percent in the same quarter a year ago, according to data released by the Bangladesh Bureau of Statistics (BBS) today.
For all latest news, follow The Daily Star's Google News channel. 
The latest figure comes as the International Monetary Fund has revised its projection for Bangladesh's gross domestic product (GDP) growth to 4 percent for the current fiscal year ending in June.
The second-quarter growth was the highest in three quarters, driven by a recovery in manufacturing following disruptions caused by political violence and labour unrest in the July-September period.
New orders from international clothing buyers also contributed to the rebound.
Industrial production grew by 7.1 percent in the October-December quarter, a sharp increase from just 1.04 percent in the same period of FY24.
In the first quarter of FY25, manufacturing output had grown by 2.44 percent, when overall GDP growth stood at 1.96 percent, BBS data showed.
However, the agricultural and service sectors recorded slower year-on-year growth in the second quarter.
Despite the year-on-year slowdown, both sectors posted stronger performances in the second quarter compared to the first quarter of FY25, according to the BBS.
Comments