Latest BBS data show the quantum index of large-scale manufacturing (LSM) rose to 182.12 in April from 174.87 in the same month last year. The growth was broad-based, with 19 out of 23 major industrial sectors contributing positively.
However, four key sectors—readymade garments (RMG), food products, plastic and rubber goods, and chemicals—witnessed a decline, partially weighing on the overall momentum in the economy.
The apparel sector, which holds the largest weight of 61 per cent in the index, contracted by 0.25 per cent during the month. Though the decline was less than 1 per cent, its sheer size makes it a pivotal driver of overall manufacturing performance, a domestic media outlet reported.
The textile sector, which carries the second-highest weight in the index, expanded by 5.34 per cent in the month.
Some attributed a seasonal slowdown in RMG orders to the sector's decline.
ALCHEMPro News Desk (DS)
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