LSM grows by 6.7% in 10 months

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Large Scale Manufacturing Industries (LSMI) production for the old base-year 2005-06, grew by 6.7% during the first 10 months of the current fiscal year (2021-22) as compared to the corresponding period of last year.

The LSMI Quantum Index Number (QIM) was recorded at 160.1 points during July-April (2021-22) against 150.0 points during July-April (2020-21), showing growth of 6.7%, according to latest data by Pakistan Bureau of Statistics (PBS). On year-on-year basis, the LSM grew by 5.3% in April against same month of last year. On Month-on-Month basis, the LSM sector witnessed a sharp decline of 22.8% in April when compared with the March 2022.

As per new base-year 2015-16, the LSM witnessed a growth of 10.7% in Jul-Apr (2021-22) compared to same period of last year, while on year-on-year basis it grew by 15.4% in April, 2022 against same month of the previous year. However, on month-on-month basis, the LSM posted a negative growth of13.3% in April when compared to the month of March 2022.—APP