Large scale manufacturing industries output plunges 3.58pc in 5MFY23
Business
Large scale manufacturing industries output plunges 3.58pc in 5MFY23
ISLAMABAD (Web Desk) - The Large Scale Manufacturing Industries (LSMI) output has dropped by 3.58 per cent during the first five months (July-November) of 2022-23 as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) data shows.
According to the provisional Quantum Index numbers (QIM), the LSMI output declined by 5.49pc for November 2022 as compared to November 2021 and increased by 3.55pc when compared with October 2022.
The LSMI s QIM was estimated for July-November, 2022-23 at 111.41, while it was estimated for November 2022 at 112.30.
The provisional quantum indices of Large Scale Manufacturing Industries (LSMI) for November 2022 with base year 2015-16 have been developed on the basis of latest data supplied by the source agencies i.e. OCAC, Ministry of Industries and Production, Ministry of Commerce and Provincial Bureau of Statistics (BoS).
The production in July-November 2022-23 as compared to July-November 2021-22 has increased in wearing apparel, leather products, furniture and other manufacturing (football) 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 sectors showing growth during July-November include wearing apparel (51.48pc), leather products (8.18pc), electrical equipment (1.06pc), furniture (99.29pc) and other manufacturing like football (59.68pc).
The sectors showing decline during the July-November include food (7.78pc), beverages (5.42pc), tobacco (22.32pc), textile (11.45pc), wood products (63.61pc), paper and board (2.84pc), coke and petroleum products (13.63pc), chemicals (0.73pc), chemicals products (1.66pc), fertilizers (2.38pc), pharmaceuticals (23.22pc), rubber products (9.06pc), non-metallic mineral products (12.35pc), iron and steel products (0.87pc), fabricated metal (18.23pc), computer, electronics and optical products (17.17pc), wood products (63.61pc), machinery and equipment (41.17pc), automobiles (28.73pc), other transport equipment (41.76pc).
The petroleum products production witnessed a decline of 13.63pc during July-November 2022-23 as its indices went down to 88.36 from 102.31 during July-November 2021-22.
On month-on-month, petroleum products recorded a 5.26pc jump in November 2022..
