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 of computer, electronic and optical product industries.

The growth was also attributed to the petroleum, chemical, rubber and plastic products (15%) underpinned by the manufacture of coke and refined petroleum products industries.

“In the meantime, sales value in the transport equipment and other manufactures picked up strongly by 10.2% boosted by the manufacture of motor vehicles, trailers and semi-trailers industries,” he said in a statement yesterday, Bernama reported.

He said export-oriented industries’ sales value, which contributed 72.9% of total sales, remained on a steady pace with 13.6% growth in November 2022 compared to 16.1% in October 2022, in line with the acceleration in external trade exports growth and price increases.

On the other hand, he said the sales value of domestic-oriented industries improved to 7.1% compared with 4.7% growth registered in the previous month.

He said the sales value for export-oriented industries declined by 1.9% versus October 2022 while domestic-oriented industries posted an increase of 6.2%.

Meanwhile, Mohd Uzir said total employees engaged in the manufacturing sector accounted for 2.33 million persons in November 2022, which went up by 3.3% versus 2.25 million persons a year ago.

“The increment was contributed by the E&E products; food, beverages and tobacco products; and petroleum, chemical, rubber and plastic products subsectors,” he said.

On salaries and wages paid in the manufacturing sector, Mohd Uzir said it grew by 4.7%, amounting to RM7.89bil, and the sales value per employee rose by 8.2% to record RM68,380 compared with the same month in 2021 while the average salaries and wages per employee were RM3,389.