LSMI output decrease recorded by PBS

Pakistan Bureau of Statistics (PBS) released the Large Scale Manufacturing
Industries (LSMI) output data for the month December 2022. According to the
index, the LSMI output has decreased by 3.68 percent in December 22 as
compared to December 21. Moreover, the and increase in the LSMI output was
recorded when comparing it with November 2022. The increase in month on
month output was recorded to be of 12.38 percent. This data was provided by the
latest statistics supplied by OCAC, Ministry of Industries and Production, Ministry
of Commerce and Provincial Bureau of Statistics.

According to the provided data, the overall contributors to the recorded negative
growth include food (-0.36), tobacco (-0.60), textile (-2.75) garments (4.06),
petroleum products (-0.80), cement (-1.04), pharmaceuticals (-1.21), and
automobiles (-1.36). The increase in production for the economic year 2022-2023
includes wearing apparel, leather products, furniture and other manufacturing
(football) while it decreased in food, tobacco, textile, coke and petroleum
products, rubber products, non-metallic mineral products, fabricated metal,
electrical equipment, machinery and equipment, pharmaceuticals, , automobiles
and other transport equipment.

The sectors showing decline during July-December include food (2.39per cent),
beverages (8.47per cent), tobacco (23.51 per cent), textile (13.51per cent), wood
products (66.01per cent), paper and board (2.81per cent), coke and petroleum
products (11.15per cent), chemicals (1.13per cent), chemicals products (0.10per
cent increased), fertilisers (1.98 per cent) computer, electronics and optical
products (20.03per cent), machinery and equipment (47.85per cent), automobiles
(30.23per cent), other transport equipment (39.49per cent), pharmaceuticals
(21.56per cent), rubber products (7.62per cent), non-metallic mineral products
(11.72per cent), iron and steel products (2.13per cent), fabricated metal (14.69per cent).

The petroleum products production witnessed a decline of 11.15per cent, high-
speed diesel witnessed 11.86per cent negative growth and Furnace oil witnessed
9.09 percent negative growth in output.