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Big industry output plummets by 16.5%MoM in July

September 22, 2022 (MLN): Large Scale Manufacturing Industries (LSMI) output decreased by 16.5% MoM compared to June22 and 1.4% YoY compared to July21, the latest data released by Pakistan Bureau of Statistics (PBS) showed on Thursday.

The LSMI Quantum Index Number (QIM) was recorded at 110.5 points for July 22 as compared to 112 points in July 21 shows a decline by -1.4% YoY and -16.5% MoM.

The main contributors towards overall growth of -1.4% are, Garments (4.4), Iron & Steel products (0.6), Furniture (2.2), Chemical products (0.6), Cigarettes (-1.7%), Cement (-2.8) and Fertilizers (-0.7).

The production in July22 as compared to July21 has increased in Wearing apparel, Paper & Board, Iron & Steel, and Furniture while it decreased in Food, Textile, Tobacco, Fertilizer, Pharmaceuticals, Non-Metallic Mineral products and Automobiles.

Copyright Mettis Link News

Posted on:2022-09-22T21:13:35+05:00

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