The output of Large Scale Manufacturing Industries (LSMI) has increased by 11.7 percent from July to May 2021-2022 compared to the same period in 2020-2021, according to Pakistan Bureau of Statistics (PBS).
Provisional Quantum Index Numbers of Large Scale Manufacturing Industries (QIM) show that the output for May 2022 decreased by 1.3 percent from the previous month, April 2022.
On a year-on-year basis (YoY), output increased by 21.4 percent when compared to May 2021. The base year is 2015-16.
The Quick Impact Measurement for July-May 2021-22 is estimated at 126.9 and for May 2022 is 130.7. Compared to July-May 2020-21, production has increased in food, beverages & tobacco, wearing apparel, textile, chemicals, automobiles, iron & steel products, leather products, and paper & paperboard while it decreased in rubber products and other transport equipment.
The LSM data released by the PBS with the base year 2015-16 showed that the main contributors towards the overall growth of 11.7 percent 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 & cars (1.3) and furniture (1.2).
Textile, the top contributing sector to the overall big industry output, increased by 4.1 percent, food 9.8 percent, tobacco 12.9 percent, wearing apparel 49.7 percent, chemicals 9 percent, automobiles 52.7 percent, iron and steel products 16.5 percent, leather products 0.6 percent, wood products 125 percent, paper and board 8.9 percent, cock and petroleum products 1.7 percent, chemical products 9 percent, fertilizers 2.8 percent, machinery and equipment 12.8 percent, furniture 233.1 percent and other manufacturing (football) 43 percent during July-May 2021-22 compared to the same period of 2020-21.
The sectors that saw a decline during July-May 2021-22 compared to July-May 2020-21 included rubber products 17.3 percent and other transport equipment 11 percent.