FY 2015-16: What was the Industrial output growth?

FY 2015-16: What was the Industrial output growth?

ISLAMABAD, June 24 (APP): FY 2015-16: What was the Industrial output growth?


The country's large scale manufacturing (LSM) sector has witnessed growth of 3.92 per cent during the first 10 months of current fiscal year as compared to the corresponding period of last year.


The Quantum Index Numbers (QIM) of large scale manufacturing  industries was recorded at 133.51 points during July-April (2015-16) against 150.257 points during same period of last year, according to latest data of Pakistan Bureau of Statistics (PBS).


The highest growth of 2.42 per cent was witnessed in the indices monitored by Ministry of Industries followed 1.36 per cent increase in indices of Provincial Bureau of Statistics (PBOS) while the indices of Oil Companies Advisory Committee (OCAC) increased by 0.13 percent.


On year-on-year basis, the industrial output witnessed a negative growth of 3.15 per cent in April compared to same month of last year while on month-on-month basis, the industrial growth also decreased by 17.01 per cent during April 2016 when compared to growth of March , the data revealed.


Meanwhile, the major sectors that showed growth during July-April (2015-16) included textile (0.56 per cent), food, beverages and tobacco (1.83 per cent), coke and petroleum products (0.1 per cent), pharmaceutical (6.29 per cent), chemicals (9.42 per cent), non metallic mineral products (10.39 per cent), automobiles (20.39 per cent), fertilizers (15.47 per cent), leather products (7.66 per cent) and rubber products (8.13 per cent).


On the other hand, the LSM industries that witnessed negative growth, included iron and steel products (8.94 percent), electronics (3.45 per cent), paper and board (1.75 percent), engineering products (13.98 percent) and wood products (60.01 per cent).


The provisional QIM is being computed on the basis of the latest production data of 112 items received from sources including Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production (MoIP) and Provincial Bureaus of Statistics (PBoS).


OCAC provides data of 11 items, MoIP of 36 items while PBoS proved data of remaining 65 items.