LSMI output declines for the first time in 3 months

MG News | January 16, 2019 at 05:04 PM GMT+05:00

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January 16, 2019 (MLN): The over-all output of LSMI decreased by 0.90% for July-November, 2018-19 compared to July-November, 2017-18.

The LSMI output decreased by 0.60% for November, 2018 compared to November, 2017 and 4.98% if compared to October 2018.

The data released by Pakistan Bureau of Statistic (PBS) revealed a declining number of production output from the large scale manufacturing sector indicating negativity for increases in long-term production for the current and next fiscal years.

LSMI output numbers have exhibited a decline for the first time since August 2018.

The industry specific production in Jul-Nov 2018-19 as compared to Jul-Nov 2017-18 has significantly decreased in Pharmaceuticals (-7.62%), Coke & Petroleum Products (-4.52%), Iron & Steel Products (-6.13%) and Electronics (-9.46), whereas it increased in Fertilizers (+5.87%) and Paper & Board (8.76%).

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