The Large Scale Manufacturing (LSM) sector has shown a growth of 0.45 percent during July- April 2023-24 when compared with the same period of last year, says Pakistan Bureau of Statistics (PBS).
The LSMI output increased by 5.76 percent for April 2024 when compared with April, 2023 and decreased by 8.14 percent when compared with March 2024.
The provisional quantum indices of Large Scale Manufacturing Industries for April 2024, with the base year 2015-16, have been developed on the basis of the latest data supplied by the source agencies.
According to the provisional quantum index numbers of the large-scale manufacturing industries, the LSMI quantum index number (QIM) estimated for April, 2024 is 106.35. QIM estimated for July-April, 2023-24 is 116.77.
The main contributors to the overall growth of 0.45 percent are, food (0.32), tobacco (-0.54), textile (-1.29) garments (0.93), petroleum products (0.49), chemicals (0.52), pharmaceuticals (0.97), cement (-0.20), iron & steel products (-0.13), electrical equipment (-0.26), automobiles (-0.86) and furniture (0.54).
The production in July-April 2023-24 as compared to July-April 2022-23 has increased in food, wearing apparel, coke & petroleum products, chemicals, fertilizers, pharmaceuticals, machinery and equipment, and furniture while it decreased in tobacco, textile, paper & board, non-metallic mineral products, iron & steel products, electrical equipment, automobiles and other transport equipment.
The sectors showing growth during July-April 2023-24 compared to July-April 2022-23 are food (1.81 percent), wearing apparel (6.51 percent), leather products (5.45 percent), wood products (11.93 percent), coke and petroleum products (7.58 percent), chemicals (6.71 percent), chemicals products (-3.09 percent), fertilizers (13.88 percent), pharmaceuticals (19.98 percent), rubber products (1.36 percent), machinery and equipment (55.78 percent), other manufacturing (6.33 percent) and furniture (21.57 percent).
The sectors showing decline during July-April 2023-24 compared to July-April 2022-23 are beverages (3.47 percent), tobacco (28.61 percent), textile (7.26 percent), paper and board (1.27 percent), non-metallic mineral products (3.77 percent), iron and steel products (2.75 percent), fabricated metal (5.98 percent), computer, electronics and optical products (14.66 percent), electrical equipment (7.89 percent), automobiles (33.14 percent), and other transport equipment (7.15 percent).
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