Pakistan’s large-scale manufacturing (LSM) sector recorded 0.7% year-on-year growth, although output declined 5% month-on-month, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
The report showed that large-scale manufacturing output increased by 1.9% during the first two months of the current fiscal year.
The automobile sector recorded year-on-year growth of 11.7%, while petroleum products and apparel production increased by 31.9% and 10.9%, respectively.
However, production in the chemical sector declined by 12.9%, while the iron sector recorded a contraction of 11.6% year-on-year.
The figures indicate mixed performance across major industrial sectors, with growth in automobiles, petroleum and apparel offset by declines in chemicals and iron.
Pakistan’s large-scale manufacturing output grew 0.7% year-on-year and 1.9% during the first two months of the fiscal year, despite a 5% monthly decline.
