Pakistan’s Large Scale Manufacturing Declines 3.37% in Jul-Jan FY 2019-20
Pakistan’s Large Scale Manufacturing Industries’ (LSMI) output during the first seven months of the current financial year witnessed a 3.37% reduction.
According to the Pakistan Bureau of Statistics (PBS) the LSMI output during the period from July-January, 2019-20 decreased by 3.37% in Jul-January 2019 as compared to Jul-Jan 2018.
Meanwhile, the data revealed that LSMI’s output on a year on year basis also decreased by 5.96% during the month of January 2020.
However, on a month-on-month (MoM) basis, LSMI witnessed an increase of 7.09 percent in January 2020 as compared to December 2019.
During the seven months, growth of 11 items related to OCAC industries witnessed a decline of 10.59% from 112.72 points to 100.78 points, the Ministry of Industries’ related 36 items registered a negative growth of 3.12%, from 132.54 points to 128.41 points, and 65 items related to Provincial Bureau of Statistics (BOS) showed a negative growth of 2.36%, from 178.19 points to 173.99 points.
Accordi..