ISLAMABAD: According to data released on Thursday by the Pakistan Bureau of Statistics, the Large-Scale Manufacturing (LSM) sector contracted 2.65% year-over-year in August.
After a positive growth of 2.38 percentage points in July, the LSM moves into a negative growth. Since December 2023, the LSM has grown positively for the past six months before falling into negative territory in June.
The LSM experienced a negative 0.03 percent growth in FY24.
In August, the quantum index of LSM industries was 111.33 points, down from 114.36 points in the preceding month. However, it increased from 106.35 points in July.
