LSM production stays positive at 1.14 percent

ISLAMABAD: The Large Scale Manufacturing (LSM) has registered positive growth of 1.14 percent during the fiscal year 2010-11 over last financial year, according to the Federal Bureau of Statistics (FBS).

The Provisional Quantum Index Numbers of Large Scale Manufacturing Industries (QIM) stood at 208.25 points in July-June period of fiscal year 2010-11 as compared to 205.89 points in July-June 2009-10.

The QIM has been computed in FBS on the basis of latest production data of 100 items received from sources, including Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production (MoIP) and Provincial Bureaus of Statistics (PBOS).

The provisional data provided by FBS showed that OCAC and PBOS monitored products showed negative growth of 2.27 percent and 2.09 percent respectively during the fiscal under review while the MoIP index showed positive growth of 3.56 percent.

The LSM production in June 2011 declined 2.95 percent as compared to the production of the same month of last year.

During June 2011 OCAC and MoIP indices showed positive growth of 6.44 percent and 4.35 percent respectively while the products monitored by PBOS witnessed negative growth of 12.66 percent.

The petroleum products that contributed in positive growth in production in July-June (2010-11) include high speed diesel, production of which increased by 2.77 percent. Similarly, the production of lubricating oil increased by 2.83 percent and Solvant Naptha by 16.99 percent.

The other petroleum products witnessed negative growth in production during the year. The jet fuel oil production decreased by 12.41 percent while production of kerosene oil decreased 16.52 percent, motor spirits 7.52 percent, diesel oil 41.31 percent, furnace oil 3.05 percent, jute batching oil 17.95 percent and LPG production fell by 6.26 percent.

Among MoIP products, production of sugar, cigarettes, cotton yarn and cotton cloth increased by 32.64 percent, 0.17 percent, 5.46 percent and 1.08 percent respectively. Similarly the production of hessian increase by 5.39 percent, paper board 2.12 percent, phosphate fertilizer 3.73 percent, jeeps and cars 9.8 percent, LCVs 22.96 percent while production of motor cycles increased by 17.88 percent during the period under review.

The MoIP products that witnessed negative growth during the period included Nit fertilizer, production of which decreased by 10.34 percent. Similarly, production of glass plates decreased 15.87 percent, cement 8.3 percent, tractors 1.23 percent, trucks 17.96 percent and buses 21.97 percent.

In PBOS index, production of cooking oil increase 6.17 percent while production of tea blended increased by 1.50 percent, wheat and grain milling 8.57 percent, upper leather 8.43 percent, sole leather 84.91 percent, footwear 17.13 percent, tablets 3.95 percent, liquids/syrups 14.82 percent, ointments 7.78 percent, toilet soaps 6.28 percent, sugarcane machines 43.74 percent, power looms 18.01 percent, electric bulbs 6.65 percent while the production of television sets increased by 28.50 percent.

On the other hand, the production of knitting wool decreased 6.90 percent, cotton (ginned) 10.49 percent, plywood 6.72 percent, injections 25.14 percent, cycle tyres 14.54 percent, cycle tubes 10.66 percent, diesel engineers 49.95 percent, deep freezers 56.91 percent, air-conditioners 56.95 percent, electric tubes 63.45 percent, electric fans 10.22 percent, electric motors 4.75 percent, electric meters 13.30 percent, switch gears 5.60 percent while production of electric transformers decreased by 53.61 percent, the figures revealed.

Copyright APP (Associated Press of Pakistan), 2011