Islamabad July 18 2022: Pakistan Large Scale Manufacturing Industries (LSMI) production drop by 1.3 percent during the month of May 2022 as compared to the previous month, Pakistan Bureau of Statistics (PBS) reported Monday.
However, the LSMI output increased by 21.4 percent for May, 2022 when compared with May, 2021 and decreased by 1.3 percent when compared with April 2022., according to latest PBS data.
On year-on-year basis (YoY), the LSM rose by 11.7 percent during July-May (2021-22) compared to the growth of July-May (2020-21), according to PBS latest data.
The main contributors towards overall growth of 11.7% are Sugar (1.8), Cigarettes (0.3), Garments (3.8), Woolen Blankets (0.7), Liquids/syrups (1.7), Chemical Products (0.7), Billets/Ingots (0.5), Cement (-0.3), Glass Sheet (0.4), Jeeps & Cars (1.3) and Furniture (1.2).
The production in July-May 2021-22 as compared to July-May 2020-21 has increased in Food, Beverages & Tobacco, Wearing apparel, Textile, Chemicals, Automobiles, Iron & Steel products, Leather Products and Paper & Paperboard while it decreased in Rubber Products and Other Transport Equipment.