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Friday, December 13, 2024

Home Business LSMI output increases 5.88 % in May

LSMI output increases 5.88 % in May

by News desk
July 15, 2023
in Business

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Large Scale Manufacturing Industries (LSMI) in the country grew by 5.88 percent during the month of May, 2023 as compared the previous month of (April). The provisional quantum indices of LSMI for May, 2023 with base year 2015-16 have been developed on the basis of latest data supplied by the source agencies including Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production, Ministry of Commerce and Provincial Bureaus of Statistics.

Quantum Index Numbers of Large Scale Manufacturing Industries (QIM) for May 2023 estimated at 110.60 as compared to 104.46 during April 2023, according the data of Pakistan Bureau of Statistics. Meanwhile, the LSMI output decreased by 14.37 percent for May, 2023 when compared with May 2022.—APP