Dhaka, June 9 -- Private-sector activities accelerated sharply in May as the Purchasing Managers' Index (PMI) rose 8.2 points from the previous month to 62.8, according to the PMI released on Monday.

It signifies a faster pace of economic expansion driven by robust growth in manufacturing and services.

PMI above 50 means the economy is in expansion, while below 50 means decline.

A PMI reading of 50 means the economy is in stagnation.

The latest reading also showed the construction sector returning to expansion after three months of contraction, while the agriculture sector maintained growth for the ninth consecutive month, albeit at a slower pace.

The agriculture sector continued to expand, supported by stronger growth in business ac...