LSMI output show growth for July-April 2023-24

Pakistan Bureau of Statistics (PBS) releases data for the Large Scale Manufacturing Industry (LSMI) output according to which, the sector has shown a growth of 0.45 percent during the period of July -April 2023-24 as compared to last year. The LSMI output has increased 5.76 percent for April 2024 when compared with April 2023 and decreased by 8.14 per cent when compared with March 2024.

According to the provisional quantum index numbers of the large-scale manufacturing industries, which are developed and supplied by the source agencies, the LSMI quantum index number (QIM) estimated for April 2024 is 106.35. QIM estimated for July-April, 2023-24 is 116.77.

The main contributors towards the overall growth of 0.45 per cent are, food (0.32), tobacco (-0.54), textile (-1.29) garments (0.93), pharmaceuticals (0.97), cement (-0.20), iron and steel products (-0.13), electrical equipment (-0.26), automobiles (-0.86), furniture (0.54), petroleum products (0.49), and chemicals (0.52).\The production in July-April 2023-24 as compared to July-April 2022-23 has increased in food, wearing apparel, paper and board, non-metallic mineral products, iron and steel products, electrical equipment, coke and petroleum products, chemicals, fertilizers, pharmaceuticals, machinery and equipment and furniture while it decreased in tobacco, textile, automobiles and other transport equipment.

The sectors showing growth during July-April 2023-24 compared to July-April 2022-23 are food (1.81 per cent), wearing apparel (6.51 per cent), leather products (5.45 per cent), wood products (11.93 per cent), coke and petroleum products (7.58 per cent), chemicals (6.71 per cent), chemicals products (-3.09 per cent), fertilisers (13.88 per cent), pharmaceuticals (19.98 per cent), rubber products (1.36 per cent), machinery and equipment (55.78 per cent), other manufacturing (6.33 per cent), and furniture (21.57 per cent).

The sectors showing decline during July-April 2023-24 compared to July-April 2022-23 are beverages (3.47 per cent), tobacco (28.61 per cent), textile (7.26 per cent), paper and board (1.27 per cent), fabricated metal (5.98 per cent), computer, electronics and optical products (14.66 per cent), non-metallic mineral products (3.77 per cent), iron and steel products (2.75 per cent), electrical equipment (7.89 per cent), automobiles (33.14 per cent), and other transport equipment (7.15 per cent).

The petroleum products witnessed an increase of 7.58 per cent as its indices went up to 95.17during July-April 2023-24 compared to 88.47 during July-April 2022-23.
High-speed diesel witnessed 12.36 per cent growth as its output remained 4.431 billion litres in July-April 2023-24 compared to 3.943 billion litres in July-April 2022-23. Moreover, furnace oil witnessed 16.34 per cent growth in output and remained 2.193 billion litres in July-April 2023-24 compared to 1.885 billion litres in July-April 2022-23.