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Local POL production decreases 3 57pc during July
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Tractor assembling posts 38 35pc growth in July, output raised to 4,600 units
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FY2020-21: Tractors assembling witnesses 59% growth in 11 months
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Local POL Production Increases 16 22% In 11 Months
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The overall output of Large-Scale Manufacturing Industries (LSMI) increased by 14.57pc in July-May 2020-21 compared to 11MFY20. AFP/File
ISLAMABAD: The Large-Scale Manufacturing (LSM) continued its growth momentum in the fourth consecutive month as big industrial sectors’ output rose year-on-year by 36.84 per cent in May, data released by the Pakistan Bureau of Statistics (PBS) showed on Tuesday.
The overall output of Large-Scale Manufacturing Industries (LSMI) increased by 14.57pc in July-May 2020-21 compared to 11MFY20. However, on a month-on-month basis the industrial output shrank 3.93pc.
The LSM data released by the PBS after collecting it from the Provincial Bureau of Statistics (BOS), the Oil Companies Advisory Council (OCAC) and the Ministry of Industries showed that the OCAC recorded month-on-month decline of 8.32pc in May against previous month, and 4.15pc growth year-on-year in May against May 2020.