Manufacturing Sales Value Increase by 11.2% YoY: DOSM

The Department of Statistics Malaysia (DOSM) has released the figures on manufacturing figures: Malaysia’s manufacturing sales value in February 2022 grew 11.2 per cent to RM131.6 billion compared with Feb 2021.

However, the manufacturing sales figures decreased by 5.3 per cent compared with the January 2022, according to DOSM

“The growth in sales value for Feb 2022 was driven by the food, beverages & tobacco subsector (16.4%), especially in the manufacture of food products industries,” Chief statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said.

“The expansion was also attributed to the petroleum, chemical, rubber & plastic products subsector (12.6%), supported by the manufacture of coke & refined petroleum products industries, as well as the electrical & electronics products subsector (9.8%), mainly in the manufacture of computer, electronic & optical products,” he added.

While sales value for export-oriented industries, which accounted for 71.2% of total sales value, increased 12.7% while domestic-oriented industries posted an increment of 7.6% in February 2022 compared with the same month in 2021, he was quoted as saying.

“The growth of sales value for export-oriented industries was in a similar trend with the external trade exports and the price factors that remain favourable,” he added.

On month-on-month comparison, export-oriented industries recorded a decline of 5.1% while domestic-oriented industries decreased 5.7%.

In terms of work force involved in this sector, the total employees engaged in the manufacturing sector in February 2022 was 2.28 million persons, an increase of 2.1% compared with 2,228,415 persons in February 2021.

To further elaborate on the increase pf labour : It was contributed by the electrical & electronic products (4.7 per cent), wood, furniture, paper products & printing (3.2 per cent), and transport equipment & other manufactures products (1.7 per cent).

The report also stated that salaries & wages paid amounted to RM7.81 billion, an increase of 3.9% or RM293 million in February 2022 compared with the same month of the preceding year while the sales value per employee increased 8.8% to RM57,838 compared with the same month in 2021.

Meanwhile, the average salaries & wages per employee was RM3,429 in February 2022.

Previous articlePing, Subsidiary of DNeX obtains “No Objection” on Concept Select for Avalon Development
Next articleReduce Non Tariff Barriers To Enhance Bounties OF RCEP

LEAVE A REPLY

Please enter your comment!
Please enter your name here