Large Scale Manufacturing touches a 2 year low
MG News | August 19, 2019 at 05:14 PM GMT+05:00
August 19, 2019 (MLN): The overall output of Large Scale Manufacturing Industries (LSMI) decreased by 3.64%, in Fiscal Year 2019. Meanwhile, the output in June 2019 decreased by 5.05% on a year-on-year basis, and by 8.5Y one a month-on-month basis.
The monthly quantum index of manufacturing has touched an all-time low of 125.18 in the last 2 years, as the last low recorded prior to this was witnessed in June 2017.
The production in FY19 as compared to FY18 has increased in Fertilizers and Electronics while it has significantly decreased in Food, Beverages & Tobacco, Coke & Petroleum Products, Pharmaceuticals, Non Metallic Mineral Products, Automobiles and Iron & Steel Products.
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