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Malaysia: Industrial production growth expected to normalise

PETALING JAYA: Malaysia’s industrial production growth is expected to normalise in 2023 on the back of a dampened outlook among the country’s major trading partners, like the United States, United Kingdom and Europe, says AmBank Research. “Moving forward, we expect growth in production to slow down. The latest manufacturing Purchasing Managers’ Index number also has […]

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Malaysia: Manufacturing sales up 11.8% in November 2022

KUALA LUMPUR: The manufacturing sector continued its double-digit growth to record RM159.2bil in sales in November 2022, an increase of 11.8% year-on-year (y-o-y), the Statistics Department says. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the continuous growth was driven mainly by the electrical and electronic (E&E) products subsector (19%), particularly in the manufacture […]

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Malaysia’s unemployment rate down to 3.6% in November 2022

PUTRAJAYA: The number of unemployed persons declined to 600.9 thousand persons, recording an unemployment rate of 3.6%, according to the Statistics Department (DOSM). “In November 2022, the labour market further strengthened in line with the development of current economic activities. Thus, the labour force situation continued to expand during the month, with a continuous increase […]

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