KarachiHBL Information Manager Index, Pakistan, collected by the S& P Global, published 52.7 reading in March, a decrease from 54.0 in February. The number above 50 indicates an expansion of the activity and indicates a shrinkage.
Humaira Qamar – The head of the stocks and research stated, “This has been less reading since September 24, but it has been in the expansion area. The expansion pace has slowed due to a more softening rise in new requests and manufacturing production. New orders and production have grown at a slower rate but have been imitated, and signs of early demand for demand in the economy.”
The recent expansion of new requests is limited only to a recovery in local demand, but also through the rise in foreign demand for Pakistani goods. New export orders expanded in the seventh month in a row, and these companies have strengthened to improve quality standards.
Humaira noted that the recent decline in goods exports is not related. “It seems that the wide -based broad decline in the exports of goods that were observed in February, and this was more likely to be due to fewer days during the month.”
The March PMI version comes a week after the latest GBS GDP statistics. The main advantage is the purchasing manager index in its ability to provide accurate, accurate and unique monthly indicators of the economic trends, while the gross domestic product is quarterly annual and usually falls behind a period of 3-5 months.
Humaira acknowledged that GDP growth remains on the weakest side, but there are early signs of the return of growth and that the sector’s view is still positive. Her optimism is shared by the survey participants.
“Despite the weakest solid data, as PBS recently reported a 0.2 % shrinkage in industrial activity during October to December 2024, the expectations of the sectors remain positive. The confidence of the participants in the survey was linked to price pressures as well as economic policies and follow -up taxes.”
