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Home Business Large-scale manufacturing output drops by 1.09% in July

Large-scale manufacturing output drops by 1.09% in July

Production in major sectors showed negative growth

by NWMNewsDesk
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The Large Scale Manufacturing Industries (LSMI) production in Pakistan recorded a decline of 1.09% in July 2023 to 108.01, compared with 109.2 in July 2022, data by the Pakistan Bureau of Statistics (PBS) showed.

Similarly, the LSMI growth witnessed a dip of 3.62% against 112.07 recorded in June of the ongoing year.

Among the major sectors, the output of cotton yarn declined by 29.88%, cotton cloth by 17.52% and petroleum products showed a decline of 2.26%. However, cement production increased by 38.6%, garments by 30.84%, and fertilizers output recorded an increase of 26.06% in July.

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The sectors showing growth during the month under review included food (1.14%), tobacco (0.3%), wearing apparel (4.31%), chemicals (0.49%), chemicals products (-0.65%), fertilizers (1.14%), pharmaceuticals (2.28%), rubber products (0.02%), non-metallic mineral products (1.67%), and machinery and equipment (0.01%).

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