Manufacturing sales up 7.7% to RM824.8b last year

By NUR HAZIQAH A MALEK / Pic By MUHD AMIN NAHARUL

The sales value of the manufacturing sector increased 7.7% to RM824.8 billion in 2018 than RM765.8 billion recorded in 2017, said the Department of Statistics Malaysia.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin (picture) said the number of employees engaged during the period went up by 1.7% to 1.07 million people.

In December alone, the manufacturing sales recorded an increase of 7.5% to RM72.3 billion versus the RM67.3 billion reported in the previous year.

Mohd Uzir also said the growth was supported by the increase of sales in various sectors.

“The sectors are electrical and electronics products by 12%, transport equipment and other manufacturing products (9.1%), and petroleum, chemical, rubber and plastic products (5%),” he said.

“Salaries and wages paid rose 10.1% to record RM4.16 billion, thus registering average salaries and wages per employee of RM3,863 during the month,” he said.

According to the department, sales value per employee rose 5.7% to post RM67,429 against the previous year.

Meanwhile, the labour force participation rate had also increased by 0.4% in December against last year’s rate.

Mohd Uzir said the number of labour force during the month rose 2.3% to 15.5 million persons versus the previous year.

“During the same period, employed persons also increased by 2.4% to 14.99 million persons,” he said.

Meanwhile, the unemployment rate during the month in review remained at 3.3% from September last year, with the number of unemployed persons recorded a total of 514,200 persons, which increased by 1.7% versus the previous year.

As of December, a total of 31.5% of working-age population, which is between 15 and 64 years old were outside of the labour force, was recorded which is a total of 7.12 million individuals.