But it returned to positive growth the next month, banking on the support of the apparel sector. According to the recent data of the Export Promotion Bureau (EPB), export earnings saw a 14% growth year-on-year in August of this year, following a more than 11% slump just a month ago. However, export earnings declined 0.31% year-on-year in July and August combined, which was $6.87 billion in the same period of the last year, and $6.85 billion in the current fiscal. Exporters also said that major export sectors of the country have experienced a rise in the export in August and it is a positive vibe for them. Apparel sector, bearer of more than 82% of the export earnings, fetched an 11.56% growth year-on-year last month with exports worth $2.75 billion, up from $2.46 billion in the same month last year.

Source: Dhaka Tribune September 05, 2021 15:11 UTC