Large scale manufacturing registers growth of 11.7 percent

According to the data shared by the Pakistan Bureau of Statistics (PBS), Large Scale Manufacturing Industries (LSMI) output has registered a growth of 11.7 percent during July-May 2021-22 as compared to the same period of 2020-21.

The main contributors towards overall growth of 11.7 per cent are sugar (1.8), cigarettes (0.3), garments (3.8), woolen blankets (0.7), liquids/syrups (1.7), chemical products (0.7), billets/ingots (0.5), cement (-0.3), glass sheet (0.4), jeeps and cars (1.3) and furniture (1.2).

Textile,  which has consistently been the top contributing sector to the overall big industry output, increased by 4.1 per cent, food 9.8 per cent, tobacco 12.9 per cent, wearing apparel 49.7 per cent, chemicals 9 per cent, automobiles 52.7 per cent, iron and steel products 16.5 per cent, leather products 0.6 per cent, wood products 125 per cent, paper and board 8.9 per cent, fertilizers 2.8 per cent, machinery and equipment 12.8 per cent, furniture 233.1 per cent and other manufacturing (football) 43 per cent during July-May 2021-22 compared to the same period of 2020-21.

The sectors showing decline during July-May 2021-22 compared to July-May 2020-21 included rubber products 17.3 per cent and other transport equipment 11 per cent.

Cement witnessed 4.41 percent negative growth during July-May 2021-22 and remained 43.140 million tonnes compared to 45.131 million tonnes during the same period of last year, and registered 1.52 per cent negative growth in May 2022, and remained 3.236 million tonnes compared to 3.286 million tonnes during the same period of last year