Overall decrease in Large Scale Manufacturing

Pakistan Bureau of Statistics (PBS) released the overall output data for large scale manufacturing industries (LSMI) after the latest reports supplied by OCAC, Ministry of Industries and Production, Ministry of Commerce and Provincial Bureau of Statistics. According to the data released, LSMI output has shown a decrease of 5.56 percent in July-February 2022-23 as compared to the same data last year.

The LSMI output has declined by 11.59 percent for Feb 2023 as compared to Feb 2022 and 0.50 percent when compared to January 2023 as shown by the LSMI Provisional Quantum Index.

The main contributors to the released data for the LSM output include food (- 0.35), tobacco (-0.50), textile (-2.82) garments (3.21), petroleum products (-0.64), cement (-0.7), pharmaceuticals (-1.25) and automobiles (-1.68).

The industries in which an increase in the output was observed when comparing to the previous year include wearing apparel (35.53 per cent), leather products (3.85), furniture (58.45 per cent) and other manufacturing (football) (35.81 per cent).

The sectors showing decline during the July-February include food (1.95 per cent), beverages (6.14 per cent), tobacco (20.42 per cent), textile (14.03 per cent), wood products (68.65 per cent), paper and board (3.370 per cent), coke and petroleum products (9.43 per cent), chemicals (4.84 per cent), chemicals products (0.53 per cent increased), fertilizers (7.77 per cent), pharmaceuticals (22.41 per cent), rubber products (7.32 per cent), electrical equipment (9.35 per cent), machinery and equipment (48.98 per cent), automobiles (38.59 per cent), non-metallic mineral products (9.08 per cent), iron and steel products (3.89 per cent), fabricated metal (12.79 per cent), computer, electronics and optical products (25.07 per cent) and other transport equipment (37.73 per cent).

The petroleum products production witnessed a decline of 9.43 per cent during July-February 2022-23 as its indices went down to 89.33 from during 98.63 July- February 2021-22 whereas high-speed diesel witnessed 10.88 per cent negative growth as its output remained 3.213 billion litres in July-February 2022-23 compared to 3.605 billion litres in July-February 2021-22.

Furnace oil witnessed a 7.21 negative growth in output and remained 1.558 billion litres in July-February 2022-23 compared to 1.679 billion litres in July- February 2021-22. Jet fuel oil showed a growth of 15.48 per cent and was recorded at 591.745 million litres in July-February 2022-23 compared to 512.442 million litres in July-February 2021-22.

29.95 per cent negative growth was observed in the kerosene oil production in July-February 2022-23 which remained 64.719 million litres compared to 92.395 million litres.