Production, retail revenue rose in January

The manufacturing sector recorded 10.8% growth with retail at 8.1% last month

by SHAHEERA AZNAM SHAH / Pic By TMR

The manufacturing sector has posted a total revenue of RM67.8 billion for the month of January this year, a 10.8% growth from the RM61.2 billion recorded in the previous year’s corresponding period.

Department of Statistics Malaysia (DoSM) chief statistician Datuk Seri Mohd Uzir Mahidin said the encouraging growth is attributable to the significant increases in production reported by three subsectors that contributed 80.2% of the total revenue.

The three productive sub-sectors are the electrical and electronics (E&E); petroleum, chemical, rubber and plastics; and non-metallic mineral, basic metal and fabricated metal.

“The E&E production grew the most with 14.3% achieved from a year ago followed by the petroleum, chemical, rubber and plastic products with 10.9%, and the non-metallic mineral, basic metal and fabricated metal products with 8.1%,” he said in latest monthly report released by DoSM.

Statistics also revealed that total employees present in the manufacturing stood at 1.07 million in January , an increase of 2.5%, or 26,203 individuals, from the figure reported a year ago.

Salaries and wages payment also rose by 13.3%, or RM439.7 million, to RM3.74 billion in the first month of this year, which translated to an average wage of RM3,494 per employee.

As a result, the sales value per employee also increased 8% to RM63,292 compared to last year’s number.

The wood, furniture, paper products and printing segment remained the least contributing to overall manufacturing sector with only a 3.7% increase compared to a year ago.

The segment stood behind the transport equipment and other manufacturers with a 4.4% growth.

Apart from the manufacturing sector, the wholesale and retail trade component reported an 8.1% increase to RM101.1 billion in January from the figure reported in the previous corresponding period, with its index rose 7.4% to 163.4 points.

The statistic department stated that the improvement was attributed to the growth in retail trade and wholesale trade, which were up by 8.5% and 8% respectively.

The wholesale sale value up 7.9% to RM49.8 billion from RM49.4 billion during the same period with an average monthly increase of 0.6%.

The retail trade business rose 9.9% to RM39.6 billion with its volume index rose 8.5% to 169 points in January and a seasonally adjusted growth of 0.8%.

However, the monthly average sales value dropped 0.2% from December 2017.