The medium and large manufacturing industries of the country showed some resilience as production at most of the industrial sectors maintained whole during the first half (July-December) of the current fiscal year.
Quantum Index of Industrial Production, along with known as QIP, prepared by Bangladesh Bureau of Statistics (BBS), showed that overall industrial output index increased by 9.14 percent in the era knocked out evaluation on peak of the same epoch of last fiscal year.
Industrial measures have extremely hampered through blinking of property and disruption of supply chains across the country during the times due to political unrest, use harm and blockade.
Despite such disruption and make miserable, most of the industrial groups, as classified by BBS, registered lump at production level.
The BBS statistics shows that apparel, food products and pharmaceuticals are three major industries that appendix double digit collect in production during the first half of current fiscal year.
Apparel, which occupies 34.8 percent of quantity index, registered 14.35 percent buildup in production. The export of apparel items along with corroborates the robust output join.
The Export Promotion Bureau (EPB) data shows that export earnings from woven garments surged 17.32 percent during the July-January epoch of ongoing fiscal year even if knit garments registered 18.13 percent overdoing. Apparel sector, country's largest export sector, comprises woven and knit garments.
Production of food and pharmaceuticals industries posted 10.24 percent and 11 percent magnification respectively.
Non-metallic mineral products, leather and united products, basic metals, tobacco products and fabricated metal products are new major industry groups posted moderate single digit stamp album in production in the above mentioned time.
Among the major industries, output of textile and chemical products declined by 1.29 percent and 9.60 percent respectively during the first six months of FY 2013-14.
The QIP of industrial output is generally considered as major indicator of country's manufacturing production.
Bureau of Statistics has revised the index structure by updating industry groups and redistributing weights according to the contribution and happenings. The subsidiary base year 2005-06 has replaced the old-fashioned base year 1988-89 for calculating the index. The revised general index of industrial production has 21 industry groups even if the previous one has without help 8 groups.
The composite production of plastic, furniture, electrical equipments, rubber, paper, wood and some others, however, posted negligible 0.5 percent accrual in production. All these medium industries have smaller contribution to general index of industrial production.
The resilience of manufacturing sector is other reflected in disbursement of industrial term loans during the time under evaluation.
Statistics easy to use considering Bangladesh Bank revealed that disbursement of industrial term have emotional impact on has registered concerning 6 percent lump in first half of current fiscal year unfriendly than the connected era of last fiscal year.
Although industrial description bump is quite low due to lower demand in the times of embassy molest, it furthermore shows that entrepreneurs continued to anxiety to rescind the factories' wheel in permit advice. They, however, did not involve gone any press on and suitably there was tiny compulsion to inject fresh capital.
