The Pakistan Bureau of Statistics (PBS) reported that during the first five months of the current fiscal year, the Large Scale Manufacturing Industries (LSMI) in Pakistan experienced a negative growth of 1.25 percent compared to the same period last year.
The LSM also dipped by 3.81 percent on year-on-year basis (YoY) in November 2024 when compared to the same month of last year and 1.19 percent on month-on-month (MoM) basis when compared to October 2024.
The provisional quantum induces of Large Scale Manufacturing Industries (LSMI) for November 2024, with the base year 2015-16, have been developed based on the latest data supplied by the source agencies.
The main contributors towards overall growth of -1.25% are, Food (0.23), Tobacco (0.39), Textile (0.40) Garments (1.76), Petroleum Products (-0.18), Automobiles (0.78), Cement (-0.61), Iron & Steel Products (-0.62), Electrical Equipment (-0.64), Machinery and Equipment (-0.25) and Furniture (-2.24).
The production in July-November 2024-25 as compared to July-November 2023-24 has increased in Food, Tobacco, Textile, wearing apparel, Automobiles and Other Transport Equipment while it decreased in Coke & Petroleum Products, Chemical Products, Non-Metallic Mineral Products, Iron & Steel Products, Electrical Equipment, Machinery and Equipment, and Furniture.
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