Large Scale Manufacturing contracts by 5.93 percent during FY20

MG News | January 17, 2020 at 08:20 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 17, 2020 (MLN): The overall output of Large Scale Manufacturing Industries (LSMI) decreased by 5.93% during the first 5 months of FY20 compared to the corresponding period from last year.

According to data published by the Pakistan Bureau of Statistics (PBS) the LSMI output decreased by 4.61% for November, 2019 compared to November, 2018 and 3.78% if compared to October 2019.

The production in Jul-Nov 2019-20 as compared to Jul-Nov 2018-19 has increased in NonMetallic Mineral Products and Fertilizers while it has significant decreased in Food, Beverages & Tobacco, Coke & Petroleum Products, Pharmaceuticals, Automobiles, Iron & Steel Products and Electronics.

According to the PBS, more than 50% decline is attributed to the automobile sector i.e. -3.11% out of -5.93%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,765.22 212.46M	0.16% 266.28
ALLSHR	103,241.06 481.66M	0.13% 137.96
KSE30	50,813.89 65.25M	0.15% 74.20
KMI30	244,391.30 71.96M	0.08% 186.13
KMIALLSHR	66,928.26 309.74M	0.08% 55.24
BKTi	47,274.31 12.11M	0.30% 141.41
OGTi	35,009.43 4.22M	0.13% 46.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,750.00	85,595.00 83,545.00	-670.00 -0.79%
BRENT CRUDE	106.55	107.05 105.06	2.23 2.14%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	-0.10 -0.08%
ROTTERDAM COAL MONTHLY	136.55	0.00 0.00	-0.20 -0.15%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	93.75	94.33 92.68	1.34 1.45%
SUGAR #11 WORLD	18.54	0.00 0.00	0.04 0.22%