The Overall Large-Scale Manufacturing (LSM) sector has shown a growth of -1.78 percent during the first seven months (July- January) of fiscal year 2024-25 (FY25) when compared with the same period of last year, says the Pakistan Bureau of Statistics (PBS).
The LSMI output decreased by 1.22 percent for January 2025 when compared with January 2024 and increased by 2.09 percent when compared with December 2024.
The provisional quantum indices of Large-Scale Manufacturing Industries (LSMI) for January 2025 with base year 2015-16 have been developed on the basis of latest data supplied by the source agencies i.e. OCAC, Ministry of Industries and Production, Ministry of Commerce and Provincial Bureau of Statistics (BoS).
According to the provisional quantum index numbers of the large-scale manufacturing industries, the LSMI quantum index number (QIM) estimated for January 2025 is 129.86. QIM estimated for July-Januyar FY25 is 114.70.
The main contributors towards overall growth of -1.78% are, Food (-0.47), Tobacco (0.25), Textile (0.34) Garments (1.55), Petroleum Products (0.17), Automobiles (0.74), Cement (-0.46), Iron & Steel Products (-0.57), Electrical Equipment (-0.55), Machinery and Equipment (-0.14) and Furniture (-2.16).
The production in July-January 2024-25 as compared to July-January 2023-24 has increased in Tobacco, Textile, wearing apparel, Automobiles and Other Transport Equipment while it Decreased in Food, Chemical Products, Non Metallic Mineral Products, Iron & Steel Products, Electrical Equipment, Machinery and Equipment, and Furniture.
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Oh my
What did you expect ???