LSM(Large Scale Manufacturing) grows 6.75 percent in March

The Large Scale Manufacturing (LSM) grew by 6.75 percent during the month of March this year as compared to the corresponding month period of last year, Federal Bureau of Statistics (FBS) reported.

The data compiled by the Ministry of Industries and Production (MoIP) of all major industries showed a positive growth of 17.01 percent during March 2011 while the Oil Companies Advisory Committee (OCAC) monitored products showed nominal increase of 0.39 percent.

The data of 54 items collected by the provincial bureaus of statistics however showed negative growth of 7.52 percent during the month under review.

The overall production of LSM during July-March (2010-11) registered growth of 1.71 percent over the corresponding period of the last year.