Large-Scale Manufacturing Sector Registers 1.47% Decline in July-March FY25
The Pakistan Bureau of Statistics (PBS) reports that the Large-Scale Manufacturing (LSM) sector experienced a 1.47 percent decline during the first nine months (July–March) of fiscal year 2024-25 compared to the same period last year.
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- The LSM quantum index number (QIM) for March 2025 stood at 117.20, showing a 1.79 percent increase over March 2024 but a 4.7 percent decrease compared to January 2025.
- For the July-March period of FY25, the QIM was 116.01.
Sector-wise Performance Highlights:
- Growth observed in:
Tobacco (+0.17), Textile (+0.35), Garments (+1.14), Petroleum Products (+0.30), Pharmaceuticals (+0.13), Automobiles (+0.68), and Other Transport Equipment (+0.14). - Declines noted in:
Food (-0.09), Chemicals (-0.45), Non-Metallic Mineral Products (-0.68), Cement (-0.37), Iron & Steel Products (-0.51), Electrical Equipment (-0.47), Machinery and Equipment (-0.17), and Furniture (-1.94).
Summary:
The sector shows mixed results with key industries such as textiles, garments, and automobiles contributing positively, while several heavy industries including chemicals, cement, and machinery have contracted. This uneven performance has contributed to the overall negative growth in the large-scale manufacturing sector for the current fiscal period.
