Bangladesh, Aug. 17 -- The Purchasing Managers' Index (PMI) is becoming an important tool for tracking Bangladesh's real-time economic activity, providing an early indication of whether the economy is expanding or contracting before official data are available.

The observation came at a discussion titled "The Purchasing Managers' Index (PMI) for Bangladesh", organised by the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) and Policy Exchange Bangladesh (PEB) at the chamber on Sunday.

Speakers at a discussion session stressed the need for greater understanding and wider use of the index among businesses, policymakers, academics and researchers.

They also highlighted the importance of incorporating PMI into university teachi...