December data shows rebound in large-scale manufacturing

Pakistan’s LSM output revived in Dec’19, posting growth after declining in eight consecutive months, jumping 9.66% as compared with Dec’18. The index surged by 16.4% in Dec’19 as compared with Nov’19. However, during 7MFY20, LSM contracted 3.35%. The latest monthly increase was mainly led by 41.57% growth in food and beverages, 33.4% in paper and board and 16.1% in leather products.