Last fiscal year, the output of large industries recorded a negative 10.7 percent
According to the report of the Federal Bureau of Statistics, industrial activities in the country have been severely affected due to the corona virus and the production of major industries was recorded at minus 10.7 percent in the last financial year.
However, production in June increased by 17% compared to May this year.
According to the report of the Federal Bureau of Statistics, the financial year 2019-20 did not prove to be good for big industries.
From July 2019 to June 2020, production in 12 of the 15 major industries fell by 44%, including automobiles and wood products.
According to the report of the Federal Bureau of Statistics, the production of iron and steel sector remained negative at 17%. Chemicals production was recorded at minus 8% and leather products at minus 9%.
Apart from this, the performance of pharmaceuticals, food beverages and minerals also remained poor. However, last year the production of fertilizers, paperboard and rubber products increased. Fertilizer sector recorded an increase of 4%, paper board 2% while production of rubber products increased by 3%.
According to the Bureau of Statistics, the output of major industries decreased by 7.74% in June 2020 as compared to June 2019.