ISLAMABAD, July 14, 2023: The Large Scale Manufacturing Industries (LSMI) output in the country has deceased by 9.87 percent during the first 11 months of 2022-23 as compared to the corresponding period of last year.
Statistics issued from the Pakistan Bureau of Statistics (PBS) show that the LSMI output fell by 14.37pc for May 2023 as compared to May 2022 and increased by 5.88pc when compared with April 2023.
The main contributors towards overall growth of -9.87 per cent are, food (-1.30), tobacco (-0.63), textile (-3.66) garments (2.58), petroleum products (-0.81), chemicals (-0.54), cement (-0.76), pharmaceuticals (-1.59), iron and steel products (-0.22), electrical equipment (-0.49) and automobiles (-2.08).
The production in July-May FY23 as compared to July-May FY22 has increased in wearing apparel, furniture and other manufacturing (football) while it decreased in food, tobacco, textile, coke and petroleum products, pharmaceuticals, chemicals, non-metallic mineral products, machinery and equipment, automobiles and other transport equipment.
The sectors showing growth during July-May include wearing apparel (25.56 per cent), leather products (1.92), furniture (32.58 per cent) and other manufacturing (football) (31.33 per cent).
The sectors showing decline during the July-May include food (7.54 per cent), beverages (4.13 per cent), tobacco (27.08 per cent), textile (18.58 per cent), wood products (62.05 per cent), paper and board (6.92 per cent), coke and petroleum products (12.33 per cent), chemicals (7.20 per cent), chemicals products (4.23 per cent increased), fertilisers (9.24 per cent), pharmaceuticals (26.15 per cent), rubber products (8.37 per cent), non-metallic mineral products (10.77 per cent), iron and steel products (4.76 per cent), fabricated metal (15.63 per cent), computer, electronics and optical products (29.14 per cent), electrical equipment (14.24 per cent), machinery and equipment (45.78 per cent), automobiles (47.70 per cent), other transport equipment (39.62 per cent).
The PBS data further shows that cement production recorded 12.36 per cent negative growth in July-May FY23 and remained 37.806 million tons compared to 43.140 million tons in July-May 2021-22.
The auto sector also saw a 68.60pc slump in May as the production of almost all kinds of vehicles went down.
The petroleum products production witnessed a decline of 12.23pc during July-May 2022-23 as its indices went down to 87.71 from 99.93 during July-May 2021-22.
Wheat and rice production declined by 0.36pc and starch and its products by 2.15pc. However, the production of blended tea was up by 39.99pc, cooking oil by 24.45pc and vegetable ghee by 23.80pc, respectively.