Large Scale Manufacturing Grows 15.69% in Pakistan

Large Scale Manufacturing Grows 15.69% in Pakistan with a positive outlook.

Pakistan’s Factories on Fire! Manufacturing Soars 15.69% in December

Good news for Pakistan’s economy! Large-scale manufacturing saw a whopping 15.69% jump in production month-on-month in December 2023, according to the latest report from the Pakistan Bureau of Statistics.

Here’s a breakdown:

MoM growth: 15.69% in December compared to November.
YoY growth: 3.43% in December compared to 2022.
First 6 months of FY23-24: Slight decline of 0.39% compared to the same period last year.

While the overall trend is positive, some sectors saw declines:

Food (-0.76%)
Tobacco (-0.73%)
Textiles (-2.05%)
Garments (-2.26%)
Others: paper & board, petroleum products, chemicals, pharmaceuticals, cement, iron & steel, electrical equipment, automobiles, furniture

Pakistan’s Industrial Landscape: Winners and Losers in First Half of FY23-24

While December 2023 brought a welcome 15.69% MoM surge in Pakistani manufacturing, a deeper dive reveals some interesting sector-specific trends:

Flourishing Industries:

Food & Beverages: Nourishing a positive trend.
Wearing Apparel: Stitching success with production growth.
Coke & Petroleum Products: Fueling the economy.
Chemicals & Fertilisers: Key ingredients for growth.
Pharmaceuticals: Healing with increased production.
Non-Metallic Mineral Products: Building a strong foundation.
Machinery & Equipment: Gearing up for the future.
Other Manufacturing (Football): Kicking it into high gear.

Sectors Facing Headwinds:

Tobacco: Smoking out a decline.
Textiles: Threads unraveling with production dip.
Iron & Steel Products: Forging a different path, but downwards.
Electrical Equipment: Powering off temporarily.
Automobiles: Hitting the brakes on production.
Other Transport Equipment: Deviations from growth trajectory.
Furniture: Needs a bit of polish to rebound.

The Big Picture:

This detailed data, compiled from official sources, offers valuable insights into Pakistan’s industrial landscape.
The overall growth in LSMI paints a positive picture, bolstering national economic resilience.
However, understanding the individual sector performances allows for deeper analysis and targeted support measures.

Remember:

This information only scratches the surface. Further investigation can reveal the nuances behind each sector’s performance.
Despite some challenges, the overall manufacturing growth is a positive indication for Pakistan’s economic future.

Note: The information above might not be accepted 100%. Please verify from your own sources. We will not be responsible for any kind of loss due to our content.

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