Output of Large Scale Manufacturers in Pakistan increased by 10.46% comparing month-on-month and 5.06% on year-to-year, the numbers released by Pakistan Bureau of Statistic reveal an inclining number of production output from the large scale manufacturing sector indicating positivity for increases in long-term production for the current and next fiscal years.
The numbers have been the third highest for the current financial year, during November 2016 and February 2017 the LSM output grew by 8% during each month.
Industry-specific data revealed by PBS shows the automobile sector recorded the highest growth of 20.97pc, followed by food, beverages and tobacco 20.80pc, iron and steel 19.52pc, fertilizers 10pc, pharmaceuticals 7.79pc, non-metallic mineral products 7.12pc, wood products 4.14pc, chemicals 3.23pc, rubber products 1.65pc, and paper and board 0.12pc.
The production for Soft drinks increased by 18.08% on year to year basis and decreased by (0.68%).
Woolen &carpet yarn production increased simultaneously on month-to-month and year-to-year basis by 7.87% and 26.01%. The total production for the month of March stood at 137 tones.
A rise in Galenicals (medicine made of natural products) saw an upsurge of 125% month-to-month and 426% on year-to-year basis.
In automobile sector, diesel engines also saw a rise of 161.11% and 154.13 in comparison to month-on-month and year-on-year basis. The rise can be attributed to increase in tractor sales and production to support the agriculture sector. Tractor production reaches 6,436 units during the month of March witnessing a month-on-month increase of 48.43 and a year-on-year increase of 72.90