Pakistan Industrial Growth +9% in July
Pakistan’s Industrial Output Sees Strong 9% Yearly Growth in July
Islamabad – Pakistan’s industrial sector showed promising signs of recovery in July, with official data revealing a 9 percent year-on-year increase in Large Scale Manufacturing (LSM), alongside a 2.6 percent rise compared to the previous month.
Driving the rebound were the automobile, furniture, and apparel industries, which recorded substantial gains and boosted overall production. Automobiles led the surge with a remarkable 57.8 percent increase, followed by garments at 24.8 percent, cement at 18.8 percent, and petroleum products at 13.2 percent. Furniture production jumped 86.8 percent, while output of other transport equipment rose 45.8 percent. Food and paper & board sectors also contributed positively, climbing 6.6 percent and 15 percent, respectively.
However, growth was tempered by declines in some industries. Beverages fell 6.2 percent, chemicals 2.6 percent, iron and steel 3.7 percent, and fertilisers 1.6 percent. Machinery and equipment experienced a sharp drop of 22.8 percent.
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The Pakistan Bureau of Statistics (PBS) highlighted that the key contributors to LSM growth in July were wearing apparel (+3.80 percentage points), automobiles (+1.33 ppts), petroleum products (+1.01 ppts), non-metallic mineral products (+0.96 ppts), and furniture (+0.91 ppts). On the other hand, beverages and chemicals slightly weighed down the index, subtracting 0.39 and 0.24 percentage points, respectively.
Economic analysts say the latest figures indicate a gradual recovery in Pakistan’s industrial sector, suggesting renewed momentum despite challenges in certain segments.
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