April 15, 2022: Large Scale Manufacturing Industries (LSMI) production is up 4.6% during 8MFY22 as the LSMI Quantum Index Number (QIM) registered at 156.9 points against 150 points in 8MFY21, the data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.
The highest increase of 3.8% during 8MFY22 was seen in the indices controlled by the Ministry of Industry, followed by a 0.8% increase in the indices controlled by the Provincial Council of Statistics (BOS) . However, no increase was observed in the products monitored by the Oil Companies Advisory Committee (OCAC).
On an annual basis, the sector grew by 8.4% in the month of February 2022 compared to the growth of February 2021.
The main sectors that showed positive growth in 8MFY22 were textiles (1.5%), food, beverages and tobacco (6.6%), leather products (4.8%), wood products (174.0%), paper and cardboard (8.0%), coke and petroleum products (0.3%), chemicals (7.9), automobiles (32.5%), iron and steel products (22.5%), fertilizers (1.5 %).
Raw materials that showed negative growth included non-metallic mineral products (2.5%), electronics (8.1%), technical products (2.5%) and rubber products (22.8%).
It is wise to mention that the preliminary QIM is calculated based on the latest production data received from sources including OCAC, the Ministry of Industry and Production (MoIP) and PBS.
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