PBS reports notable YoY increase in Pakistan’s industrial output

ISLAMABAD: The Pakistan Bureau of Statistics (PBS) reported today that Pakistan’s Large-scale Manufacturing Industries (LSMI) experienced a notable year-on-year growth of 5.76 per cent in April 2024.

The production index rose to 106.35, compared to 100.56 in April 2023.

However, on a month-on-month basis, LSMI output saw a significant decline of 8.14 per cent, falling to 106.35 from 115.78 in March 2024.

Cumulatively, for the first ten months of the fiscal year 2024 (10MFY24), LSMI production has shown a modest increase of 0.45 per cent compared to the same period in the previous fiscal year.

The main contributors to the overall growth of 0.45 per cent were:

1. Pharmaceuticals (0.97 per cent)
2. Garments (0.93 per cent)
3. Furniture (0.54 per cent)
4. Chemicals (0.52 per cent)
5. Petroleum Products (0.49 per cent)
6. Food (0.32 per cent)
7. Iron & Steel Products (-0.13 per cent)
8. Cement (-0.20 per cent)
9. Electrical Equipment (-0.26 per cent)
10. Tobacco (-0.54 per cent)
11. Automobiles (-0.86 per cent)
12. Textile (-1.29 per cent)

From July 2023 to April 2024, production increased in sectors such as Food, Wearing Apparel, Coke & Petroleum Products, Chemicals, Fertilizers, Pharmaceuticals, Machinery and Equipment, and Furniture. Conversely, it decreased in sectors including Tobacco, Textile, Paper & Board, Non-Metallic Mineral Products, Iron & Steel Products, Electrical Equipment, Automobiles, and Other Transport Equipment.

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