Dhaka, Dec. 27 -- The large-scale manufacturing (LSM) sector contracted by 0.78 per cent in October year on year due to a sharp slowdown in the garment industry, according to the latest Bangladesh Bureau of Statistics (BBS) data. LSM, which accounts for about 11 per cent of the gross domestic product (GDP), was dragged down by an 8.23 per cent year-on-year fall in apparel output.

The garment segment carries the largest weight on the LSM index - around 61 per cent.

This means movements in the segment have an outsized impact on the overall performance.

By contrast, textile, the second-largest component with an 11 per cent weight, grew by 6.43 per cent during the month.

Of the 23 large manufacturing subsectors tracked by the BBS, three p...