Archive · Business Recorder
LSM finds a higher base
Large-Scale Manufacturing (LSM) growth may have slowed to 3 percent YoY in July, but the headline understates the more important development. The July LSM index climbed to 119.13, the highest reading ever recorded for the month and comfortably above the previous July peak of 115.62 in FY26. More importantly, the index now stands well above the FY22 level, suggesting that the industrial sector is no longer merely clawing back the ground lost during the prolonged downturn. The composition, however, is shifting. Wearing apparel has emerged as the biggest contributor to cumulative LSM growth in 1M...
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