Exports bounce back in August

Bangladesh exports earned $3.3 billion in August, a 20 percent increase from a year earlier, driven by a surge in shipments, government data showed on Tuesday.

Exports had fallen 3.5 percent to $2.5 billion in July due to the Eid al-Fitr holiday, which marks Import_Export_0-450x252the end of the holy fasting month of Ramadan.

For July-August, the first two months of the 2016-17 financial year, exports rose 8 percent to $5.8 billion from a year earlier, the Export Promotion Bureau said.

Readymade garments, comprising knitwear and woven items, totalled $4.8 billion, up 8 percent from a year ago period.

-Reuters


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