ISLAMABAD: The Large-Scale Manufacturing (LSM) showed 2.65 percent growth during first half of the current fiscal year (FY2015) over the corresponding period previous year.
Quantum Index Number (QIM) of LSM industries stood at 118.29 points during first six months of the ongoing fiscal year 2014-15 as compared to 115.23 points of the preceding year, registering an increase of 2.65 percent. Meanwhile, the LSM sector expanded by 2.35 percent in the month of December over the same period last year showed the data of Pakistan Bureau of Statistics issued on Wednesday.
The growth in the industrial output witnessed a decelerated trend in September and October 2014, but rebounded in November and December.
The industrial growth had recorded growth of 2.65 percent due to growth in 11 categories of items in the first half of FY2015 over the corresponding month of last year, reported the data of Pakistan Bureau of Statistics (PBS).
According to the figures of Pakistan Bureau of Statistics, major contribution towards positive growth in LSM performance in July-December 2014-15 was from textile 0.66 percent; coke and petroleum products, 2.69 percent, electronics 9.66 percent, iron and steel products 31.01 percent, chemicals 5.64 percent, non-metallic mineral products 3.89 percent, rubber products 3.17 percent, pharmaceuticals 4.63 percent, automobiles 12.53 percent and leather products 23.46 percent.
However, some sector like food beverages and tobacco had shown negative growth of 1.79 percent, fertilizers 1.56 percent, Engineering Products 2.87 percent and Wood Products 75.23 percent during the period under review. In electronic and electrical goods, production of refrigerators recorded a positive growth of 11.44 percent; electric fans 6.88 percent, electric meters, 66.38 percent, electric transformers 181.56 percent, TV sets, 4.88 percent and bicycles 7.28 percent during July-December period.
