Power crisis brings down LSM growth to 1.95pc


STAFF REPORT ISB: The large-scale manufacturing (LSM) sector has recorded minor growth of 1.95 percent in four months (July-October) of the current fiscal year over the corresponding period last year mainly due to lower energy supply to the industries.

The industrial sector is not recording handsome growth during ongoing financial year due to the worst power crisis prevailing in the country. In July 2014 the LSM grew by 1.14 percent that rebounded to 5.27 percent in August and 1.82 percent expansion was recorded in September.

The industrial growth had recorded growth of 1.95 percent due to growth in 12 categories of items in the month under review over the corresponding month of last year, PBS reported.

The data shows that major contribution towards positive growth in LSM performance in July-October 2014 was from textile 0.79 per cent.

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