Sunday, August 14, 2022
HomeEconomyLSM output increases by 4.6%YoY in 8MFY22

LSM output increases by 4.6%YoY in 8MFY22

April 15, 2022: Large Scale Manufacturing Industries (LSMI) production has inched up by 4.6% during 8MFY22, as the LSMI Quantum Index Number (QIM) was recorded at 156.9 points against 150 points in 8MFY21, the data released by Pakistan Bureau of Statistics (PBS) showed on Friday.

The highest increase of 3.8% during 8MFY22 was witnessed in the indices monitored by the Ministry of Industries, followed by a 0.8% increase in indices monitored by the Provincial Board of Statistics (BOS). However, no increase was witnessed in the products monitored by the Oil Companies Advisory Committee (OCAC).

On the yearly basis, the industry rose by 8.4% during the month of February 2022 compared to the growth of February 2021.

The major sectors that showed positive growth during 8MFY22 included textile (1.5%), food, beverages and tobacco (6.6%), leather products (4.8%), wood products (174.0%), paper and board (8.0%), coke and petroleum products (0.3%), chemicals (7.9), automobiles (32.5%), iron and steel products (22.5%), fertilizer (1.5%).

The commodities that witnessed negative growth included non metallic mineral products (2.5%), electronics (8.1%), engineering products (2.5%) and rubber products (22.8%).

It is prudent to mention that the provisional QIM is being computed on the basis of the latest production data received from sources, including OCAC, the Ministry of Industries and Production (MoIP), and PBS.

Copyright Mettis Link News

Posted on: 2022-04-15T15:43:08+05:00

32111

RELATED ARTICLES
- Advertisment -

Most Popular