LAHORE: The MCB Bank PMI has recorded moderate growth in manufacturing acti­­vity at 65.69 for July 2015.

According to a press release issued on Tuesday, MCB said the risks to manufacturing sector in Pakistan appear to be nearly balanced.

Low domestic inflation is facilitating access to cheaper raw materials in the local market and declining financing costs are expected to contribute significantly to low mark-up costs and increased profits, the release said.

However, declining commodity prices and stagnating demand in the international market has squelched the penchant and profitability of export production.

Although structural bottlenecks such as energy shortages continue to impede the performance of the manufacturing sector, the results of the 10th MCB PMI portend of promising prospects of performance for the manufacturing sector.

The July 2015 MCB PMI at 65.69 indicates a moderately increasing pace of growth in the manufacturing sector, relative to May 2015, as evidenced by an increase of 0.55 points in the MCB PMI reading.

New orders stood at 76.9, an increase of 0.8 points since May 2015. However, production levels re­­mained stable at 70.6. In­­ef­ficiencies in the supply chain on account of floods may have contributed to the increase in the index monitoring delivery time, which increased to 52.8 from 51.7.

A major shift was seen in the index monitoring prices paid, which decreased by 5 points over the given period; in the period covered by the May 2015 Index, the prices paid index had increased by 8.6 points.

Published in Dawn, August 5th, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.