Data just released by Pakistan Bureau of Statistics (PBS) shows that manufacturing activities, measured by PBS’s large-scale manufacturing (LSM) index, fell 4.6 percent in November 2019, taking the 5MFY20 number to a negative 5.9 percent. And unless December 2019 saw manufacturing jump to where eagles fly, by this time next month when the PBS releases 1HFY20 data, Pakistan’s large-scale manufacturing would have been in a recession for six quarters in a row.