Bangladesh exports rise for fourth straight month

DHAKA: Bangladesh's exports rose 5.15 per cent in February from a year earlier to $2.51 billion, increasing for a fourth straight month and boosted by stronger sales of ready-made garments, official data showed.

Exports from July to February, the first eight months of the financial year, rose 2.4 per cent from the same period a year earlier to $20.31 billion, the Export Promotion Bureau said.

Sales of ready-made garments, comprising knitwear and woven items, totaled $16.55 billion in the July-February period, compared with nearly $16.14 billion a year earlier.

However, renewed political turmoil could cast a pall over the garment industry, which has already been under pressure after factory accidents, including the collapse of a building housing factories in April 2013 that killed more than 1,130 people.

Bangladesh's exports bounced back in November after two months of falls.

In the 2013-14 financial year, exports hit a record $30 billion, up 11 per cent from the previous year, boosted by garment sales.

Source : economictimes.indiatimes.com