ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output has registered a growth of 11.7 percent during July-May 2021-22 as compared to the same period of 2020-21, Pakistan Bureau of Statistics (PBS) said.
According to the Provisional Quantum Index Numbers of Large Scale Manufacturing Industries (QIM), the LSMI output for May 2022 decreased by 1.3 per cent on a month-on-month basis when compared with April 2022 and increased by 21.4 per cent on year-on-year (YoY) basis when compared to May 2021, with the base year, 2015-16.
QIM estimated for July-May, 2021-22 is 126.9 and for May 2022 is 130.7. The production in July-May 2021-22 as compared to July-May 2020-21 has increased in food, beverages and tobacco, wearing apparel, textile, chemicals, automobiles, iron & steel products, leather products and paper and paperboard while it decreased in rubber products and other transport equipment.
The LSM data released by the PBS with base year 2015-16 showed that the main contributors towards overall growth of 11.7 per cent 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 and cars (1.3) and furniture (1.2).
Textile, the top contributing sector to the overall big industry output, increased by 4.1 per cent, food 9.8 per cent, tobacco 12.9 per cent, wearing apparel 49.7 per cent, chemicals 9 per cent, automobiles 52.7 per cent, iron and steel products 16.5 per cent, leather products 0.6 per cent, wood products 125 per cent, paper and board 8.9 per cent, cock and petroleum products 1.7 per cent, chemical products 9 per cent, fertilizers 2.8 per cent, machinery and equipment 12.8 per cent, furniture 233.1 per cent and other manufacturing (football) 43 per cent during July-May 2021-22 compared to the same period of 2020-21.
Jul-Mar LSMI output jumps 10.4pc YoY
The sectors showing decline during July-May 2021-22 compared to July-May 2020-21 included rubber products 17.3 per cent and other transport equipment 11 per cent.
The petroleum products witnessed an increase of 1.27 per cent as its output went up from 12.968 billion litres during July-May 2020-21 to 13.133 billion litres in July-May 2021-22, while on a YoY basis petroleum sector witnessed a growth of 9.8 per cent as its output increased from 1.128 billion litres in May 2021 to 1.239 billion litres in May 2022.
High-speed diesel witnessed 1.08 per cent growth as its output remained 5.106 billion litres during July-May 2021-22 compared to 5.051 billion litres during the same period of last year, and 5.08 per cent growth in May 2022, and remained 479.546 million litres compared to 456.371 million litres during the same period of last year.
Furnace oil witnessed 5.20 per cent negative growth in output and remained 2.334 billion litres in July-May 2021-22 compared to 2.462 billion litres in July-May 2020-21 and 24.57 per cent growth in May 2022, and remained 242.854 million litres compared to 194.928 million litres during the same period of last year.
According to the PBS data, sugar production witnessed 39.11 per cent growth as its output remained 7.907 million tonnes during July-May 2021-22 compared to 5.683 million tonnes during the same period of last year, and 4.55 per cent negative growth in May 2022 compared to the same period of last year.
Cement witnessed 4.41 per cent negative growth during July-May 2021-22 and remained 43.140 million tonnes compared to 45.131 million tonnes during the same period of last year, and registered 1.52 per cent negative growth in May 2022, and remained 3.236 million tonnes compared to 3.286 million tonnes during the same period of last year.
Copyright Business Recorder, 2022