ISLAMABAD - Large Scale Manufacturing (LSM) growth has declined by 5.35 per cent during the first seven months (July-January) of the current financial year as compare to the corresponding period of the previous year due to economic slowdown and high interest rates. Federal Bureau of Statistics (FBS) released Quantum Index Numbers of LSM on Wednesday showing a negative trend of 5.35 per cent during July-January of current fiscal year. Quantum Index Numbers of LSM stood at 192.75 points in first seven months of the current fiscal year as compared to 203.64 points in the corresponding period of the previous year. Official provisional statistics of FBS Quantum Index Numbers (QIM) also depicted the production of major industries in the country not growing. The QIM show the industrial productivity of 100 items received from different sources, for example, Oil Companies Advisory Committee (OCAC), the Ministry of Industries & Production and Provincial Bureaus of Statistics. The OCAC supplied the data of 11 items, the Ministry of Industries & Production of 35 items and Provincial Bureaus of Statistics provided data of 54 items. The major share in present negative growth has contributed by OCAC as during July-November of the current financial year, Oil Companies Advisory Committee index declined by 8.08 per cent to 160.89 points from 175.03 points while, the Ministry of Industries index dipped by 5.69 per cent to 192.71 points from 204.34 points of the corresponding period of the last year. The LSM growth during the month of January in the current financial year also registered a decline of 8.91 per cent, compared to the same period of the last year, which stood at 200.48 points in January against 220.10 points of same period of last year. The break-up of LSM growth in January showed OCAC has declined by 8.24pc as drop to 158.58 points from 172.834 points of the last year while on the other hand index of ministry of industries in the month of January declined by 10.31pc. "Economic slowdown, poor law and order situation, high interest rates and shortage of utilities are the major contributors in the slow growth of LSMs," economist said while talking to TheNation adding that it is expected that LSMs would be in negative during the Financial Year of 2009. The production of petroleum products has decreased by 8.08 per cent during July-January. In addition, production of cigarettes, Jute goods, phosphorus fertilizers and tractors registered a growth of 12.92 per cent, 5.92 per cent, 36.37pc and 7.60pc respectively during the July-Jan of current fiscal year. Similarly, kerosene oil production declined by 14.38pc, diesel oil by 33.26pc, buses by 51.89pc, motorcycle by 17.65pc and trucks 27.53pc during the first seven months of the fiscal year 2009.