Large Scale Manufacturing contracts by 5.93 percent during FY20

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

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	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,075.00	118,295.00 116,115.00	2250.00 1.94%
BRENT CRUDE	67.52	68.42 67.19	-0.43 -0.63%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.33	64.20 63.03	-0.37 -0.58%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%