Large-scale manufacturing growth decelerates on flood impact
ISLAMABAD: Growth in Pakistan’s large-scale manufacturing (LSM) sector slowed to 0.54 per cent year-on-year in August, compared to an 8.99pc rise in July, due largely to the impact of recent flooding on industrial activity, official data showed on Friday.
On a month-on-month basis, output declined by 2.75pc in August, highlighting a deceleration in momentum at the start of FY26.
However, cumulative growth for the first two months of the fiscal year (July-August) stood at 4.44pc, driven mainly by improvements........
© Dawn Business
