Malaysia’s manufacturing sales value up 19.5% to RM161.7bil in September

KUALA LUMPUR: Malaysia’s manufacturing sales value in September 2022 grew 19.5 per cent to RM161.7 billion from RM135.3 billion in the same month last year.

In a statement today, the Department of Statistics Malaysia (DOSM) said the better performance in the month was driven by the subsectors of electrical and electronics (E&E), petroleum, chemicals, rubber and plastics and food, beverages and tobacco products.

It said the E&E products subsector contributed 24.7 per cent to the sales value followed by the petroleum, chemicals, rubber and plastic products subsector (27.2 per cent) and the food, beverage and tobacco products subsector (7.1 per cent).

DOSM said the total number of employees engaged in the manufacturing sector in September 2022 was 2.32 million persons augmented by 3.8 per cent as compared with 2.23 million persons in September 2021.

“Meanwhile, the salaries and wages paid increased by 5.4 per cent or RM405.7 million, amounting to RM7.88 billion, as against the same month of the preceding year.

“The sales value per employee rose by 15.1 per cent to record RM69,787 as compared with the same month in 2021 while the average salaries and wages per employee were RM3,403,” it said.

For the third quarter of 2022, DOSM said the sales value of the manufacturing sector surged 22.5 per cent to RM467.6 billion as compared with the same quarter of the previous year.

It said the growth was driven by the electrical and electronics products (25.5 per cent), petroleum, chemical, rubber and plastics products (24.4 per cent) and food, beverages and tobacco products (13 per cent) subsectors.

DOSM said the number of employees and salaries and wages improved by 3.8 per cent and 6.7 per cent respectively in the third quarter of 2022 versus the same quarter last year.

Additionally, it said the sales value of the manufacturing sector for the period of January to September 2022 soared 17.6 per cent to RM1,326.3 billion against the same period in 2021.

“The number of employees increased 3.8 per cent to 2.32 million persons while salaries and wages expanded 5.3 per cent to RM70.2 billion.

“Sales value per employee for the similar period of the year 2022 recorded RM572,452 with year-on-year (y-o-y) growth of 13.3 per cent,” it added. – Bernama