Large-Scale Manufacturing production shrinks 1.8pc

The Large-Scale Manufacturing (LSM) sector contracted 1.87 per cent year-on-year in the first half of 2024-25, the Pakistan Bureau of Statistics data showed on Thursday. The big industry production has seen a negative trend since August 2024, except in October, due to domestic and global factors. 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, it recorded a paltry growth of 0.02pc in October before contracting by 3.81pc in November and 3.73pc in December. The LSM expanded 2.38pc in July 2024. In FY24, the LSM sector contracted 0.03pc against a 0.92pc expansion in the preceding year.