September big industry output rises by 0.1%YoY

News Image

By MG News | November 16, 2022 at 10:29 PM GMT+05:00

0:00

November 16, 2022 (MLN): The large-scale manufacturing industries (LSMI) output increased by 0.1%YoY in September 2022, latest data published by the Pakistan Bureau of Statistics showed on Wednesday. 

On a month-on-month basis, the large-scale output inched up by meagre 0.01% as the index clocked in at 115.02 compared to 114.9 during the month of August. 

Overall, the LSMI index for July-September FY23 clocked in at 113.4 points, witnessing a decline of 0.4% compared with the same period of last year.

Sector-wise data showed that the production in July-September 2022-23 as compared to July-September 2021-22 increased in wearing apparel, chemicals, Iron & Steel products, and Furniture while it decreased in Food, Tobacco, Textile, Coke & Petroleum Products, Pharmaceuticals, Rubber Products, Non-Metallic Mineral Products, Fabricated metal, Electrical Equipment, Machinery and Equipment, Automobiles and Other Transport Equipment.

The major reason behind the decline in big industry output was relative slowdown in overall economy as the interest rates remain high and inflation continues to scale new peaks. 

Wholesale Price Index (WPI), an indicator of the raw materials, increased by 38.9%YoY during September while growing by 32.6% in October hinting at a higher input cost pressures. 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court


July 04, 2025 at 06:41 PM GMT+05:00

Govt domestic debt, liabilities nears Rs54tr in May



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg