Export earnings see sluggish growth in July-August

    Desk Report: The country’s earnings from goods exports witnessed a sluggish 2.51 per cent growth to $6.79 billion in the first two months of the current fiscal year (FY), 2018-19, reports The Financial Express.
    The earnings also surpassed the target set for the months by 3.24 per cent, according to official data, released by the Export Promotion Bureau (EPB) on Tuesday.
    The export fetched $6.62 billion during the corresponding period of last fiscal.
    Earnings from the export of RMG products during July-August of this fiscal grew by 3.82 per cent to $5.73 billion, which was $5.52 billion in the same period of last fiscal, according to the EPB data.
    The earnings also surpassed the target by 3.96 per cent.
    The country earned $2.91 billion from knitwear export during July-August of this fiscal, which marked a meagre growth of 1.53 per cent from $2.86 billion in the same period of last fiscal.
    The earnings from woven garments in the first two months of FY ’19 grew by 6.28 per cent to $2.82 billion, from $2.65 billion in the corresponding period of FY ’18.

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