Malaysia’s Manufacturing sales amounting to RM158.9 billion in October 2022, rose 12.9 per cent as compared to a year ago. The continuous double-digit growth in sales value for October 2022 was largely driven by the Petroleum, Chemical, Rubber & Plastic Products subsector (23.8%), Electrical & Electronics Products (16.6%) and Food, Beverages & Tobacco Products (4.6%) subsectors.
The Department of Statistics Malaysia (DOSM) found the total employees engaged in the Manufacturing sector accounted for 2,321,179 persons in October 2022, increased by 3.6 per cent as compared to year ago (October 2021: 2,241,048 persons). The increment was contributed by the Electrical & Electronic Products (5.6%), Food, Beverages & Tobacco Products (4.3%) and Petroleum, Chemical, Rubber and Plastic Products (2.0%) subsectors.
In its publication today entitled ‘Monthly Manufacturing Statistics Malaysia, October 2022’, DOSM cited in line with the increase in number of employees, the salaries & wages paid in the Manufacturing sector grew by 4.8 per cent, amounting to RM7,880.9 million. The sales value per employee rose by 9.0 per cent to record RM68,441 as compared to the same month in 2021, while the average salaries & wages per employee was RM3,395.
For the period of January to October 2022, the sales value of the Manufacturing sector soared 17.1 per cent to RM1,485.2 billion as compared to the same period in 2021. In the meantime, the number of employees went up by 3.6 per cent to record a total of 2.32 million persons with salaries & wages expanded by 5.3 per cent to RM78.1 billion. During the period, sales value per employee amounted to RM639,852 with a growth of 13.0 per cent year-on-year.
