Large Scale Manufacturing Grows by 7.8% in July-February FY22

Large Scale Manufacturing Grows by 7.8% in July-February FY22 in 2022

According to the Pakistan Bureau of Statistics, the overall output of Large Scale Manufacturing Industries (LSMI) increased by 7.8 percent in July-February 2021-22 compared to July-February 2020-21 with the base year 2015-16. (PBS).

However, according to the Provisional Quantum Index Numbers of Large Scale Manufacturing Industries (QIM) with the base year 2005-06, the overall output of LSMI increased by 4.6 percent between July-February 2021-22 and July-February 2020-21.

The LSMI output increased by 8.4 percent in February 2022 compared to February 2021 but decreased by 2.3 percent in January 2022 compared to January 2005-06. With the base year 2015-16, the LSMI output increased by 8.6 percent in February 2022 compared to February 2021 and by 0.3 percent in January 2022.

The LSM data released by the PBS with the base year 2015-16 after collecting it from the Provincial Bureau of Statistics (BOS), the Oil Companies Advisory Council (OCAC), and the Ministry of Industries revealed that the OCAC recorded a 1.5 percent month-on-month growth in February 2022 against the previous month and a 6.8 percent year-on-year growth in February 2022 against February 2022.

According to the data, the Ministry of Industries-related sectors experienced negative growth of 5.8 percent in February 2022 compared to January 2022 on a month-on-month (MoM) basis, while year-on-year (YoY) growth was 10.1 percent in February 2022 compared to the same month in 2021.

According to the PBS data, the LSM-related data to the Provincial Bureau of Statistics (BOS) increased by 9.4 percent month on month in February 2022 compared to the previous month, and by 7 percent year on year in February 2022 compared to February 2021.

Food, tobacco, textile, wearing apparel, chemicals, iron and steel products, automobiles and furniture, wood products, paper and board, coke and petroleum products, non-metallic mineral products, machinery, and equipment production increased in July-February 2021-22 compared to July-February 2020-21, while pharmaceuticals, rubber products, fabricated metal, and electrical equipment production decreased.

Textile output increased by 2.9 percent, food by 3.3 percent, beverages by 1.7 percent, tobacco by 19.6 percent, wearing apparel by 20.6 percent, chemicals by 7.1 percent, automobiles by 59.8 percent, iron and steel products by 17.3 percent, leather products by 3.1 percent, wood products by 174 percent, paper and board by 8 percent, cock and petroleum products by 1.2 percent, chemical products by 16.3 percent, fertilizers by 1.6 percent, machinery, and equipment by 1.6 percent, machinery and

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