Islamabad February 15 2023: Pakistan overall Large Scale Manufacturing Sector has decline by 3.51 percent during the month of December 2022 due to higher inflation, according to data published by Pakistan Bureau of Statistics on Wednesday.
Pakistan inflation, increased to 27.6% on year-on-year basis in Jan 2023, a high of 47 years, as compared to an increase of 24.5% in the previous month and 13.0% in Jan 2022. On month-on-month basis, it increased to 2.9% in Jan 2023 as compared to an increase of 0.5% in the previous month and an increase of 0.4% in Jan 2022.
Manufacturing activity increased by 12.38 percent when compared with November 2022.
Overall Large Scale Manufacturing Sector has shown a decline of 3.68% during July to December 2022-23 when compared with the same period of last year.
The main contributors towards overall growth of -3.68% are, Food (-0.36), Tobacco (-0.60), Textile (-2.75) Garments (4.06), Petroleum Products (-0.80), Cement (-1.04), Pharmaceuticals (-1.21), and Automobiles (-1.36).
The sectors showing growth during July-Dec 2022-23 compared to July-Dec 2021-22 are given below: –
The sectors showing decline during July-Dec 2022-23 compared to July-Dec 2021-22 are given below: –
The production in July-December 2022-23 as compared to July-December 2021-22 has increased in Wearing apparel, Leather Products, Furniture and Other Manufacturing (Football) while it decreased in Food, Tobacco, Textile, Coke & Petroleum Products, Pharmaceuticals, Rubber Products, Non-Metallic Mineral Products, Fabricated metal, Electrical Equipment, Machinery and Equipment, Automobiles and Other Transport Equipment.
