Big industry output down 4pc in Nov

The Large-Scale Manufacturing (LSM) sector contracted 1.25 per cent in the first five months of 2024-25, data released by the Pakistan Bureau of Statistics showed on Wednesday. Since August 2024, the LSM has declined for two consecutive months. Domestic and global factors contributed to the downturn in FY24. The LSM grew positively from December 2023 to May 2024 before entering negative territory in June. On a YoY basis, LSM dipped 2.65pc in August, followed by a decline of 1.92pc in September. However, LSM recorded a paltry growth of 0.02pc in October before entering a negative growth of 3.81pc in November. The LSM recorded a growth of 2.38pc in July 2024 on a YoY basis. In FY24, the LSM sector contracted 0.03pc against a 0.92pc growth in the preceding year.