Dhaka, Bangladesh (BBN)- Bangladesh’s industrial sector has started getting better with increasing output amidst energy crisis, but on supportive lending rate and rising demands on both domestic and global markets.
The general index of industrial production including medium and large scale manufacturing stood higher at US $489.24 million in July 2010, recording an increase of 15.31 percent over July 2009 when the total output was US $424.28 million, according to Bangladesh Bank (BB) monthly economic update for January this year.
The significant year-on-year figures came on the back of double-digit growth in jute, cotton, knit apparel, leather, food, beverage, tobacco and basic metal product.
Indices recording increase in July 2010 compared to the same month of the preceding year are: jute, cotton, knit apparel and leather 20.93 percent, food, beverage and tobacco 17.85 percent and basic metal product 12.20 per cent.
Output from the other areas also increased with improvement demands on the market. These include non-metallic product 6.28 percent, wood product including furniture 4.82 percent, chemical, petroleum and rubber 4.68 per cent, fabricated metal product 3.92 per cent and paper and paper product 0.04 per cent.
BBN/SSR/AD-06Feb11-10:17 am (BST)