alimohsan52
Chief Minister (5k+ posts)
Source: http://dawn.com/2013/03/19/manufacturing-grows-2-73pc/
ISLAMABAD: Large-scale manufacturing (LSM) posted a growth of 2.73 per cent in the first seven months (July-January) of 2012-13 from a year ago.
The growth in LSM was mainly driven by increase in production of food products, iron and steel products, petroleum products, paper and board, non-metallic mineral products, chemicals, textiles pharmaceuticals and rubber products, according to the data compiled by the Pakistan Bureau of Statistics released here on Monday.
Last year, the LSM sector, which accounts for 70 per cent of industrial production, recorded a negative growth because of energy crisis, ever-rising input cost and lack of demand in domestic and international market.
On a monthly basis, LSM output increased by 4.62 per cent in January 2013 from a year ago. Improved supply of gas, especially to textile industries in the past few months, resulted in an increase in the output.
The major contribution towards positive growth in LSM performance in the first seven months this year from a year ago came from food, beverages and tobacco 4.11pc, iron and steel products 14.03pc, petroleum products 11.26pc, paper and board 32.62pc, chemicals 0.61pc, rubber products 25.13pc, pharmaceuticals 7.61pc, non-metallic mineral products 4.79pc and textile 0.50pc.
Still some sectors, like fertilizers, witnessed a negative growth of 7.15pc, electronics 13.46pc, leather products 4.28pc, wood products 20.62pc, engineering products 12.21pc and automobiles 9.94pc during the months under review over last year.
Relying on growth in the past few months, the government expected that the economy would grow by about 4pc as against 3.7pc growth last year.
Industry specific data showed that many sub-sectors didnt perform well in July-January period, mostly electronic goods, which led to jump in import of consumer and electronic items.
In the electronic and electrical goods, production of deep-freezers was down by 19.93pc, air-conditioner 15.29pc, electric bulbs 14.38pc, electric tubes 24.63pc, electric fans 16.53pc, electric motors 26.33pc, switch gears 10.45pc, TV sets 67.18pc storage batteries 4.83pc, generating sets 7.98pc and bicycles 0.24pc.However, refrigerators recorded a growth of 8.54pc, electric meters 6.34pc, and electric transformers 21.55pc, during the first seven months of 2012-13 over last fiscal year.
The growth was witnessed in case of food, beverages and tobacco. The sector has adjusted weightage of 12.37pc in LSM basket.
Vegetable ghee production increased by 2.24pc, oil by 15.05pc, tea blended 25.25pc.
Another important sector, which provides jobs in large numbers across the country, is the automobile sector.
Trucks production fell by 32.09pc, jeeps and cars 23.45pc, LCVs 26.85pc and motorcycle 3.03pc.
However, production of tractors and buses was up 104.94pc and 13.24pc.
ISLAMABAD: Large-scale manufacturing (LSM) posted a growth of 2.73 per cent in the first seven months (July-January) of 2012-13 from a year ago.
The growth in LSM was mainly driven by increase in production of food products, iron and steel products, petroleum products, paper and board, non-metallic mineral products, chemicals, textiles pharmaceuticals and rubber products, according to the data compiled by the Pakistan Bureau of Statistics released here on Monday.
Last year, the LSM sector, which accounts for 70 per cent of industrial production, recorded a negative growth because of energy crisis, ever-rising input cost and lack of demand in domestic and international market.
On a monthly basis, LSM output increased by 4.62 per cent in January 2013 from a year ago. Improved supply of gas, especially to textile industries in the past few months, resulted in an increase in the output.
The major contribution towards positive growth in LSM performance in the first seven months this year from a year ago came from food, beverages and tobacco 4.11pc, iron and steel products 14.03pc, petroleum products 11.26pc, paper and board 32.62pc, chemicals 0.61pc, rubber products 25.13pc, pharmaceuticals 7.61pc, non-metallic mineral products 4.79pc and textile 0.50pc.
Still some sectors, like fertilizers, witnessed a negative growth of 7.15pc, electronics 13.46pc, leather products 4.28pc, wood products 20.62pc, engineering products 12.21pc and automobiles 9.94pc during the months under review over last year.
Relying on growth in the past few months, the government expected that the economy would grow by about 4pc as against 3.7pc growth last year.
Industry specific data showed that many sub-sectors didnt perform well in July-January period, mostly electronic goods, which led to jump in import of consumer and electronic items.
In the electronic and electrical goods, production of deep-freezers was down by 19.93pc, air-conditioner 15.29pc, electric bulbs 14.38pc, electric tubes 24.63pc, electric fans 16.53pc, electric motors 26.33pc, switch gears 10.45pc, TV sets 67.18pc storage batteries 4.83pc, generating sets 7.98pc and bicycles 0.24pc.However, refrigerators recorded a growth of 8.54pc, electric meters 6.34pc, and electric transformers 21.55pc, during the first seven months of 2012-13 over last fiscal year.
The growth was witnessed in case of food, beverages and tobacco. The sector has adjusted weightage of 12.37pc in LSM basket.
Vegetable ghee production increased by 2.24pc, oil by 15.05pc, tea blended 25.25pc.
Another important sector, which provides jobs in large numbers across the country, is the automobile sector.
Trucks production fell by 32.09pc, jeeps and cars 23.45pc, LCVs 26.85pc and motorcycle 3.03pc.
However, production of tractors and buses was up 104.94pc and 13.24pc.
