LSMI production is down 3.8% year-on-year
Listen to the article KARACHI: Large-Scale Manufacturing Industries (LSMI) output fell 3.8% year-on-year (y-o-y) in November 2024, highlighting persistent challenges in key sectors such as high energy costs and weak consumer demand. On a month-on-month (MoM) basis, output also declined by 1.2%, indicating subdued industrial activity amid economic headwinds. The drop in the LSMI was mainly due to significant contractions in key sectors such as furniture (-53.3%), coke and oil (-16.2%) and other manufacturing (-13.3%), according to data of the Pakistan Bureau of Statistics (PBS). ). In the first five months of 2015, the LSMI recorded a cumulative decline of
