March 16, 2021 (MLN): The overall output of LSMI increased by 7.85% for July-January 2020-21 compared to July-January 2019-20.
According to data released by the Pakistan Bureau of Statistics, the LSMI output increased by 9.13% for Jan 2021 compared to Jan 2020 and 5.36% if compared to Dec 2020.
‘The sustained and robust growth in the industry is expected to lift economic growth beyond earlier forecasts InshaAllah’, Minister for Industries Hammad Azhar said on his official Twitter handle in the backdrop of the latest LSM growth numbers.
It is pertinent to mention that The LSM index has touched its second-highest level of 175.15 in Jan 2021. Previously, it touched a high of 175.17 in Mar 2018, Topline Securities research highlighted.
The production in July-Jan 2020-21 as compared to July-November 2019-20 has increased in Textile, Food, Beverages & Tobacco, Coke & Petroleum Products, Pharmaceuticals, Chemicals, Non-Metallic Mineral Products, Automobiles and Fertilizers while it decreased in Electronics, Leather Products, and Engineering Products.
