LSMI exhibits highest output in the last six months

December 18, 2018 (MLN): The over-all output of Large Scale Manufacturing Industries (LSMI) decreased by 0.65% for July-October, 2018-19 compared to July-October, 2017-18.

The country’s LSMI Quantum Index Numbers (QIM) was recorded at 140.9 points during October 2018 against 139.58 points during October 2017, showing growth of 0.95 per cent, according to the latest data of Pakistan Bureau of Statistics (PBS).

The major sectors that showed growth during October 2018 over October 2017 included food, beverages and tobacco (4.62 percent), chemicals (7.24%), non-metallic mineral products (7.1 percent), automobiles (6 percent), fertilizers (31.4 percent), engineering products (39.28 percent), and rubber products (1.79 percent).

The highest growth of 2.72 percent was witnessed in products monitored by Ministry of Industries while negative growth of 0.7 percent in indices monitored by Oil Companies Advisory Committee (OCAC) was witnessed and in the indices of Provincial Bureaus of Statistics (PBOS) a decline of 1.07 percent was observed during the period under review.

On the other hand, the LSM industries that witnessed negative growth during the month included, textile (0.01 percent), coke and petroleum products (9.39 percent), pharmaceuticals (13.36 percent), iron and steel products (10.55 percent), electronics (9.49 percent), and wood products (50.98 percent).

The provisional QIM is being computed on the basis of the latest production data of 112 items received from sources including Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production (MoIP) and Provincial Bureaus of Statistics (PBoS). OCAC provides data of 11 items, MoIP of 36 items while PBoS proved data of remaining 65 items.

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