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Following a protracted spell of progress of round 14 months, Bangladesh’s attire export has slowed down after the nation registered export decline to the tune of US $ 1.72 billion within the first 18 days of September (12 per cent year-on-year fall) amidst apprehensions attire export is prone to witness adverse progress in September.
Media experiences maintained this citing knowledge from the involved authorities.
As per day-to-day export knowledge, attire export declined to US $ 1.72 billion within the first 18 days of September, fetching a adverse progress of 12.36 per cent, from the identical interval of the final fiscal 12 months 2021-22 when the attire producers had earned US $ 1.97 billion.
In the meantime, talking to the media, BGMEA President Faruque Hassan, reportedly, mentioned as a consequence of excessive inflation and elevated financial institution rates of interest in export locations (nations), plenty of consumers are going gradual when it comes to putting new orders over the past two months even when a few of them are additionally asking to carry shipments on account of which attire shipments took a success.
Experiences additionally added as a consequence of lowered shopper demand, plenty of retailers have already cancelled some orders even when some consumers are requesting exporters to delay shipments or droop orders.
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