{"id":5148,"date":"2024-05-16T15:43:00","date_gmt":"2024-05-16T10:43:00","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=5148"},"modified":"2024-05-17T16:06:05","modified_gmt":"2024-05-17T11:06:05","slug":"pakistans-lsmi-shows-modest-growth-in-march-2024","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/pakistans-lsmi-shows-modest-growth-in-march-2024\/","title":{"rendered":"Pakistan’s LSMI shows modest growth in March 2024"},"content":{"rendered":"\n

In March 2024, the Pakistan Bureau of Statistics released data indicating a 2.0%<\/strong> year-on-year increase in the production levels of Large Scale Manufacturing Industries (LSMI), compared to the same period last year.<\/p>\n\n\n\n

Overview of LSMI Performance<\/h2>\n\n\n\n

The LSMI Index for March 2024 rose to 115.5, up from 113.2 in March 2023. However, month-on-month (MoM) data for March 2024 showed a decline of 9.3%<\/strong> in LSMI.<\/p>\n\n\n\n

Over the first nine months of the fiscal year 2024 (9MFY24), LSMI experienced a slight year-on-year decrease of 0.1%<\/strong>. This downturn can be attributed to several factors including high-interest rates, significant increases in energy costs, and weak overall demand, collectively dampening economic activities.<\/p>\n\n\n\n

During March 2024, sector-wise performance showed a mix of growth and decline across various industries:<\/p>\n\n\n\n

Sectors with Year-on-Year Increase:<\/h3>\n\n\n\n
    \n
  • Textile<\/strong> (+5.2%)<\/li>\n\n\n\n
  • Coke & Petroleum Products<\/strong> (+12.8%)<\/li>\n\n\n\n
  • Chemicals<\/strong> (+11.6%)<\/li>\n\n\n\n
  • Wearing Apparel<\/strong> (+18.2%)<\/li>\n\n\n\n
  • Automobile<\/strong> (+3.4%)<\/li>\n\n\n\n
  • Tobacco<\/strong> (+35.7%)<\/li>\n\n\n\n
  • Paper & Boards<\/strong> (+6.5%)<\/li>\n\n\n\n
  • Leather Products<\/strong> (+7.4%)<\/li>\n\n\n\n
  • Other Transport Equipment<\/strong> (+17.1%)<\/li>\n\n\n\n
  • Machinery & Equipment<\/strong> (+13.7%)<\/li>\n\n\n\n
  • Other Manufacturing<\/strong> (+12.9%)<\/li>\n\n\n\n
  • Rubber Products<\/strong> (+9.7%)<\/li>\n\n\n\n
  • Wood Products<\/strong> (+12.7%)<\/li>\n<\/ul>\n\n\n\n

    Sectors with Year-on-Year Decrease:<\/h3>\n\n\n\n
      \n
    • Food<\/strong> (-5.8%)<\/li>\n\n\n\n
    • Pharmaceuticals<\/strong> (-0.5%)<\/li>\n\n\n\n
    • Non-Metallic Mineral Products<\/strong> (-3.5%)<\/li>\n\n\n\n
    • Beverages<\/strong> (-27.3%)<\/li>\n\n\n\n
    • Iron & Steel Products<\/strong> (-10.8%)<\/li>\n\n\n\n
    • Electrical Equipment<\/strong> (-3.3%)<\/li>\n\n\n\n
    • Furniture<\/strong> (-22.3%)<\/li>\n\n\n\n
    • Computer, Electronics, and Optical Products<\/strong> (-2.7%)<\/li>\n<\/ul>\n\n\n\n

      Detailed breakdown of the Manufacturing Items Weight (%), Year-over-Year (YoY) Change, and YoY Growth Impact for various sectors in March 2024 (Mar-24) and the first nine months of fiscal year 2024 (9MFY24), along with comparisons to the previous year (Mar-23 and 9MFY23):<\/p>\n\n\n\n

      Manufacturing Item<\/th>Weight (%)<\/th>YoY Change (Mar-24)<\/th>YoY Change (9MFY24)<\/th>YoY Growth Impact (Mar-24)<\/th>YoY Growth Impact (9MFY24)<\/th><\/tr><\/thead>
      Textile<\/td>18.2<\/td>5.2%<\/td>-8.3%<\/td>0.9%<\/td>-1.5%<\/td><\/tr>
      Food<\/td>10.7<\/td>-5.8%<\/td>1.7%<\/td>-1.0%<\/td>0.3%<\/td><\/tr>
      Coke & Petroleum Products<\/td>6.7<\/td>12.8%<\/td>4.9%<\/td>0.9%<\/td>0.3%<\/td><\/tr>
      Chemicals<\/td>6.5<\/td>11.6%<\/td>8.0%<\/td>0.9%<\/td>0.6%<\/td><\/tr>
      Wearing Apparel<\/td>6.1<\/td>18.2%<\/td>5.4%<\/td>2.4%<\/td>0.8%<\/td><\/tr>
      Pharmaceuticals<\/td>5.2<\/td>-0.5%<\/td>23.2%<\/td>0.0%<\/td>1.1%<\/td><\/tr>
      Non-Metallic Mineral Products<\/td>5.0<\/td>-3.5%<\/td>-3.9%<\/td>-0.3%<\/td>-0.3%<\/td><\/tr>
      Beverages<\/td>3.8<\/td>-27.3%<\/td>-3.4%<\/td>-1.5%<\/td>-0.1%<\/td><\/tr>
      Iron & Steel Products<\/td>3.5<\/td>-10.8%<\/td>-2.2%<\/td>-0.5%<\/td>-0.1%<\/td><\/tr>
      Automobiles<\/td>3.1<\/td>3.4%<\/td>-37.4%<\/td>0.1%<\/td>-1.0%<\/td><\/tr>
      Tobacco<\/td>2.1<\/td>35.7%<\/td>-33.6%<\/td>0.5%<\/td>-0.7%<\/td><\/tr>
      Electrical Equipment<\/td>2.1<\/td>-3.3%<\/td>-7.5%<\/td>-0.1%<\/td>-0.2%<\/td><\/tr>
      Paper & Board<\/td>1.6<\/td>6.5%<\/td>-2.0%<\/td>0.2%<\/td>-0.1%<\/td><\/tr>
      Leather Products<\/td>1.2<\/td>7.4%<\/td>5.3%<\/td>0.1%<\/td>0.0%<\/td><\/tr>
      Other Transport Equipment<\/td>0.7<\/td>17.1%<\/td>-10.0%<\/td>0.1%<\/td>-0.1%<\/td><\/tr>
      Furniture<\/td>0.5<\/td>-22.3%<\/td>23.1%<\/td>-0.6%<\/td>0.6%<\/td><\/tr>
      Fabricated Metal<\/td>0.4<\/td>1.0%<\/td>-5.4%<\/td>0.0%<\/td>0.0%<\/td><\/tr>
      Machinery and Equipment<\/td>0.4<\/td>13.7%<\/td>61.5%<\/td>0.1%<\/td>0.2%<\/td><\/tr>
      Other Manufacturing (Football)<\/td>0.3<\/td>12.9%<\/td>1.3%<\/td>0.1%<\/td>0.0%<\/td><\/tr>
      Rubber Products<\/td>0.2<\/td>9.7%<\/td>3.6%<\/td>0.0%<\/td>0.0%<\/td><\/tr>
      Wood Products<\/td>0.2<\/td>12.7%<\/td>12.1%<\/td>0.0%<\/td>0.0%<\/td><\/tr>
      Computer, Electronics, and Optical Products<\/td>0.0<\/td>-2.7%<\/td>-16.0%<\/td>0.0%<\/td>0.0%<\/td><\/tr><\/tbody><\/table>
      Source:<\/strong> Pakistan Bureau of Statistics (PBS), AHL Research<\/em><\/figcaption><\/figure>\n\n\n\n

      These figures highlight the performance and trends across various manufacturing sectors in Pakistan, providing insights into the changes over the specified periods.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Pakistan Bureau of Statistics released data indicating a 2.0% year-on-year increase in the production levels of Large Scale Manufacturing Industries (LSMI)<\/p>\n","protected":false},"author":8,"featured_media":4835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[153],"tags":[272],"class_list":["post-5148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-lsmi"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ECONOMY-REPORT-1140x445.jpg",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ECONOMY-REPORT-463x348.jpg",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ECONOMY-REPORT-300x188.jpg",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ECONOMY-REPORT.jpg",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=5148"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/4835"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=5148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=5148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=5148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}