April 16, 2024 (MLN): Pakistan’s Large Scale Manufacturing Industries (LSMI) production decreased by 4.14% MoM in February 2024 with the index at 126.01 compared to 131.45 in January 2024, the Pakistan Bureau of Statistics (PBS) reported today.
On the other hand, on a yearly basis, the LSMI output witnessed a slight rise of 0.06% YoY against 125.93 recorded in February 2023.
Cumulatively in 8MFY24, LSMI has shown a negative growth of 0.51% when compared with the same period of last year.
The main contributors towards negative growth of 0.51% in 8MFY24, Food (0.46), Tobacco (-0.80), Textile (-1.75) Garments (0.46), Paper & Board (-0.08), Petroleum Products (0.24), Chemicals (0.55), Pharmaceuticals (1.21), Iron & Steel Products (-0.05), Electrical Equipment (-0.26), Automobiles (-1.14), and Furniture (0.72).
The production in July-February FY24 as compared to July-February FY23 has increased in Food, Wearing apparel, Coke & Petroleum Products, Chemicals, Fertilizers, Pharmaceuticals, Machinery and Equipment and Furniture while it decreased in Tobacco, Textile, Paper & Board, Non Metallic Mineral Products, Iron & Steel Products, Electrical Equipment, Automobiles, and Other Transport Equipment.
The provisional quantum indices of LSMI for February 2024 with the base year 2015-16 have been developed on the basis of latest data supplied by the source agencies.
