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Industrial output grew 4.7pc in nine months

Industrial output grew 4.7pc in nine months

ISLAMABAD: The country’s large-scale manufacturing (LSM) sector grew 4.7 per cent during the first three quarters of this fiscal year as compared to the corresponding period last year.

The Quantum Index Numbers (QIM) of large-scale manufacturing industries was recorded at 133.88 points during July-March 2015-16, against 127.87 points during the same period last year, according to the data of Pakistan Bureau of Statistics (PBS).

The highest growth of 2.96pc was witnessed in the indices monitored by Minis­try of Industries, followed by a 1.48pc increase in indices of Provincial Bureaus of Sta­tistics while the in­­dices of Oil Companies Advi­sory Com­­mittee increased by 0.26pc.

On year-to-year basis, the industrial growth increased by 6.75 per cent during March 2016 as compared to the same month last year while on month-to-month basis, the industrial growth decreased by 6.34pc during March 2016 when compared to growth in February 2016, the data revealed.

Major sectors that showed growth during the three qua­­r­­ters of the current fiscal year included textile (0.6pc), coke and petroleum products (2.pc), pharmaceuticals (7.2pc), che­micals (10.01pc), non-met­­a­­l­lic mineral products (10.23pc), automobiles (23.43pc), fertilisers (15.92pc), leather products (12.18pc) and rubber products (11.68pc).

On the other hand, the LSM industries that witnes­sed a negative growth inclu­ded iron and steel (7.48pc), electronics (9.98pc), paper and board (2.9pc), engineering (17.64pc) and wood products (58.03pc).

Courtesy : Dawn News



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