Islamabad October 19 2022: The Large Scale Manufacturing Index (LSMI) output increased by 0.6% for August, 2022 when compared with August, 2021 and 3.9% when compared with July 2022, according to data released by Pakistan Bureau of Statistics.
Overall Large Scale Manufacturing Sector has shown a decline of 0.4% during July-August 2022-23 when compared with the same period of last year.
The main contributors towards overall growth of -0.4% are, Garments (5.3), Petroleum Products (-1.2), Cement (-2.0), Fertilizers (-0.2) and Iron & Steel Products (0.5).
The production in July-August 2022-23 as compared to July-August 2021-22 has increased in Wearing apparel, Chemicals, Iron & Steel products, and Furniture while it decreased in Food, Beverages, Tobacco, Textile, Coke & Petroleum Products, Pharmaceuticals, Rubber Products, Non-Metallic Mineral Products, Fabricated metal, Electrical Equipment, Machinery and Equipment, Automobiles and Other Transport Equipment.
