LSM Sector Contracts 0.76% in First Quarter of FY25 

Overall Large-Scale Manufacturing (LSM) sector has shown a growth of -0.76 percent during the first quarter (July- September) of 2024-25 when compared with the same period of last year, says Pakistan Bureau of Statistics (PBS).  The LSMI output increased by 0.46 percent for September 2024 when compared with August 2024 and decreased by 1.92 percent when compared with September 2023.  The provisional quantum indices of Large-Scale Manufacturing Industries for September 2024, with the base year 2015-16, have been developed based on the latest data supplied by the source agencies i.e. OCAC, Ministry of Industries and Production, Ministry of Commerce and Provincial Bureau of Statistics (BoS).  According to the provisional quantum index numbers of the large-scale manufacturing industries, the LSMI quantum index number (QIM) estimated for September 2024 is 111.95. QIM estimated for July-September, 2024-25 is 109.9  The main contributors towards overall growth of -0.76% are, Food (0.28), Tobacco (0.46), Textile (0.55) Garments (2.58), Petroleum Products (0.56), Automobiles (0.45), Cement (-1.03), Iron & Steel Products (-0.64), Electrical Equipment (-0.81), Machinery and Equipment (-0.26) and Furniture (-2.66).  The production in July-September 2024-25 as compared to July-September 2023-24 has increased in Food, Tobacco, Textile, Wearing apparel, Coke & Petroleum Products, Automobiles, Other Transport Equipment and Other Manufacturing (Football) while it decreased in Pharmaceuticals, Rubber Products, Non-Metallic Mineral Products, Electrical Equipment, Machinery and Equipment, Iron & Steel Products, and Furniture.