Big industry output surges 8.3pc in October
ISLAMABAD: The large-scale manufacturing (LSM) sector posted a year-on-year growth of 8.33 per cent in October, indicating a revival in the country’s industrial production.
The rebound for the second consecutive month offers a hope amid ongoing economic challenges, according to figures released by the Pakistan Bureau of Statistics on Friday.
The growth in October was led by automobiles, petroleum products, apparel, construction-linked industries, beverages, and electrical equipment, pointing to both consumer demand and investment-related activity picking up.
On a month-on-month basis, the LSM recorded a growth of 3.75 per cent in October, indicating a modest recovery in industrial output. The improvement suggests that the adverse impact of recent flooding on industrial activity has largely subsided, allowing for a gradual stabilisation in production across key sectors.
The current fiscal year saw a robust growth of........
