Exports rebound in August

Exports grew 4.71 percent year-on-year to $2.75 billion in August, returning from a 12 percent fall in the previous month, according to data from the Export Promotion Bureau.

Exports in the July-August period grew 6.88 percent to $5.4 billion compared with the same period last fiscal year.

Exports rebounded in August due to political stability, industry insiders said. The government set the export target at $33.5 billion for fiscal 2015-16, higher than the export earnings of $31.2 billion in the previous year.