ISLAMABAD: The Pakistan Bureau of Statistics (PBS) data have revealed that the Large-Scale Manufacturing Industries (LSMI) output has declined by 16.5 percent on a month-on month (MoM) basis in July 2022.
According to the Provisional Quantum Index Numbers of Large-Scale Manufacturing Industries (QIM), the QIM estimated for July 2022 is 110.5 compared to 112 for July 2021 and 132.3 for June 2022.
According to the PBS’s release of LSM data with 2015–16 as the base year, clothing (4.4 percent), iron and steel products (0.6 percent), furniture (2.2 percent), chemical products (0.6 percent), cigarettes (-1.7 percent), cement (-2.8 percent), and fertilizers (4.4 percent) are the main causes of the overall growth of –1.4 percent (-0.7).
Clothing, paper and board, iron and steel products, and furniture saw a rise in production in July 2022 compared to July 2021, whereas food, textile, tobacco, fertilizers, medicines, non-metallic mineral products, and autos saw decreases in output.
The sectors showing growth during July 2022 compared to July 2021 include beverages (0.02 percent), wearing apparel (4.4per cent), leather products (0.1per cent), wood products (0), paper and board (0.5per cent), iron and steel products (0.6per cent), furniture (2.2per cent), and other manufacturing (football) (0.1per cent).
Food (1.2%), tobacco (1.7%), textile (0.5%), coke & petroleum products (0.4%), chemicals (0.1%), chemicals products —-(+0.6%) and fertilizers (0.7%), pharmaceuticals (2.2%), rubber products (0%), non-metallic mineral products (2.4%), fabricated metal (0.1%), computer, electronics and optical products (0%), and electrification (0.1%) are the sectors that are showing a decline from July 2021 to July 2022. (0.2per cent).
The petroleum products witnessed a decline of 5.2 per cent as its output went down from 98.2 million liters during July 2021 to 93 million liters in July 2022.
High-speed diesel witnessed 7.4 per cent negative growth as its output remained 432 million liters in July 2022 compared to 466.6 million in July 2021.
Cement production witnessed 41.9 per cent negative growth in July 2022 and remained 2.145 million tons compared to 3.7 million tons in July 2021, PBS data showed.
