ISLAMABAD - Large-scale manufacturing (LSM) has shown growth of 1.84 percent in Janu­ary 2024 over the corresponding pe­riod of the previous year. The decline in LSM growth indicates that economic activities have slowed in the country amid higher cost of production and un­certain political and economic situation. In De­cember 2023, LSM increased by 3.4 percent on YoY basis against the decline 1.1 percent in the same month last year. The positive includes, food, beverages, wear­ing apparel, leather, coke & petroleum products, chemicals, pharmaceuticals, non-metallic mineral products, rubber products, wood products, machinery and equipment, and others (football). Domestic dispatches during this period were 23.196 million tons against 23.618 million tons during same period last year showing a reduction of 1.79 per­cent.

Source: Daily Nation March 16, 2024 11:04 UTC