How Significant increase In production.
Production of big industries increased significantly by 7.19 percent during the first five months of the current fiscal year as compared to 2.02 percent in November.
According to the data released by the Bureau of Statistics, in 2017, the LSM Group, iron deposits, electric products, and food beverage sector contributed significantly.
However, the fields of petroleum, textiles, pharmaceuticals, paperwork, engineering, rubber and non-mineral products were also in the positive zone and their production increased, but the production of leather, wood products, and fertilizer production decreased.
According to the data, auto sectors increased by 24.40 percent annually through July to November, while iron vessel products increased by 40 percent, while the growth rate of electronics sector was 56%.
Food production and tobacco products also increased 6% during 5 months while petroleum vaccine was 11.62%, textile 0.62%, pharmaceutical 3.71%, paper and board 6.16%, engineering 5.18%, rubber 5.14% and non-mineral products. Increased by 11.06 percent.
However, chemicals 0.16 percent, the department of wood products 12 percent, fertilizer 11.12 percent and the leather products sector 4.63 percent.
According to the data, in November 2017, the production of large industries was 2.02 percent annually and 6.12 percent in October 2017 compared to the production.
The biggest reason for negative grouping on annual basis was a significant reduction of 21.92% in food and beverage production, besides petroleum and coke 4.69%, chemicals 9.76%, paper and board 0.19%, engineering products 23.78%, woody products 49.25 percent, Fertilizers16.28 percent and leather products production declined 11.74 percent.
Post a Comment