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LSM growth increase 7% in 3 quarters, 26.9% in March 2022

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The Large Scale Manufacturing Industries (LSMI) production grew by 7 percent during the first three quarters of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Friday.

The LSMI Quantum Index Number was recorded at 161.2 points during July-March (2021-22) against 150.7 points during July-March (2020-21), showing growth of 7pc, according to latest PBS data. The highest increase of 6 percent growth during July-March (2021-22) was witnessed in the indices monitored by the Ministry of Industries, followed by 0.9 percent increase in indices monitored by Provincial Board of Statistics and 0.1 in the products monitored by the Oil Companies Advisory Committee (OCAC).—APP

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