Pakistan LSMI output falls 3.5% YoY in June 2026

August 18, 2026 (MLN): Pakistan's Large Scale Manufacturing Industries (LSMI) output fell 3.48% year-on-year (YoY) in June 2026 and declined 6.08% month-on-month (MoM), according to provisional data released with base year 2015-16.

The Quantum Index of Manufacturing (QIM) was recorded at 108.83 in June 2026, compared to 112.75 in June 2025 and 115.87 in May 2026.

On a cumulative basis, the sector posted 4.98% growth during July–June FY26, with the QIM averaging 120.55, up from 114.83 in the same period last year.

Automobiles and cement led the month's performance, while garments and iron and steel weighed on monthly output.

Growth of Major Manufacturing Items

The automobile sector maintained its strong growth trajectory with a 50.53% increase in June and a cumulative 57.77% surge during July–June FY26. Cement rose 9.76% during the month, taking its cumulative gain to 7.36%.

Petroleum products edged up 0.70% in June, sustaining a 9.70% cumulative gain, while fertilizers posted a marginal 0.83% monthly increase even as the cumulative reading remained in decline at 1.99%.

Garments fell sharply by 13.45% in June despite retaining a 5.49% cumulative gain. Cotton yarn slipped 1.85% during the month, with the cumulative reading still positive at 1.00%. Iron and steel continued its downward trend, falling 11.75% in June and 7.84% cumulatively.

Sectoral Contributions

The main contributors toward the overall 4.98% cumulative growth were automobiles (1.56 percentage points), food (1.21), garments (0.91), petroleum products (0.72), electrical equipment (0.37), cement (0.41), furniture (0.28), other transport equipment (0.27), and tobacco (0.19).

Conversely, pharmaceuticals (-0.54), iron and steel products (-0.34), chemicals (-0.20), and textile (-0.11) weighed on overall growth.

The mixed performance in June reflects a sharp slowdown in month-specific momentum even as cumulative manufacturing growth held firm for the full fiscal year, with automobiles, food and cement continuing to anchor the sector while pharmaceuticals, iron and steel, and garments came under pressure during the month.

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