LSM grows by 37% in May, 14.56% in 11 months

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Islamabad

The Large Scale Manufacturing Industries (LSMI) production grew up by 36.84 percent on year-on-year basis during the month of May 2021 as com-pared to the corresponding month of last year, Paki-stan Bureau of Statistics (PBS) reported.

LSMI Quantum Index Number (QIM) was recorded at 139.55 points during May 2021 against 101.98 points during May 2020, showing growth of 36.84 percent, according to PBS data. Meanwhile, during the first eleven months of the current fiscal year, the overall LSM production increased by 14.57 percent as compared to the corresponding period of last fiscal year. —APP

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