LSM grows 2.46pc in October, 2pc in four months

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ISLAMABAD: The country's Large Scale Manufacturing (LSM) has registered positive growth of 1.95 percent during the first four months the current fiscal year over the corresponding period of the last financial year.

On year on year basis, the LSM grew by 2.46 percent during the month of October 2012 when compared to the same month of last year, according to the data of Pakistan Bureau of Statistics (PBS).

The Quantum Index Numbers (QIN) of LSM stood at 106.04 points during July October (2012-13) against 104.02 points during July October (2011 12).

During the period under review, industries monitored by Oil Companies Advisor Committee (OCAS) registered increase of 0.49 percent while the indices of Ministry of Industries grew by 0.25 percent and that of Provincial Bureaus of Statistics by 1.20 percent.

The industrial items that witnessed growth during the first four months over the same period of last year included food beverages and tobacco (7.64pc), iron and steel products (12.81pc), coke and petroleum products (7.21pc), paper and board (42.83pc) chemicals (0.76pc), rubber products (32.67pc), pharmaceuticals (4.14pc), non metallic mineral products (1.44pc) and leather products (4.98pc).

The items that witnessed decrease in production during the period included fertilizer (18.99pc), electronics (6.91pc), textile (0.26pc), wood products (17.85pc), engineering products (13.25pc) and automobiles (9.68pc).

Meanwhile, the industrial growth during October 2012 increased by 3.36 percent and by 2.46 percent when compared to the growth of September 2012 and October 2011 respectively.

The items that witnessed growth in October 2011 over the same month of last year included food beverages and tobacco (8.15pc), iron and steel products (3.34pc), coke and petroleum products (19.42pc), paper and board (68.34pc), rubber products (30.14pc), pharmaceuticals (1.12pc), leather products (10.728pc) fertilizers 13.78, electronics (11.41pc) and textile (0.45$pc).

The items that witnessed decrease in production during September included chemicals (2.82pc), non-metallic mineral products (5.59pc), wood products (31.11pc), engineering products (14.57pc) and automobiles (27.99pc).

It may be recalled that the Provisional Quantum Index Numbers of Large Scale Manufacturing Industries (QIM) has been computed in FBS on the basis of latest production data of 112 items received from sources, including OCAC, Ministry of Industries and Production and BOS.

OCAC supplied the data of 11 items, Ministry of Industries and Production supplied the data of 36 items and Provincial Bureaus of Statistics provided data for 65 items.


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