Malaysia’s manufacturing sales up 2.3% in November 2019

by AFIQ AZIZ/ pic by MUHD AMIN NAHARUL

MALAYSIA’S manufacturing sales grew 2.3% year-on-year (YoY) to RM73.5 billion in November 2019 from RM71.8 billion recorded a year ago, according to the Department of Statistics Malaysia (DoSM).

“The growth was driven by the increase in non-metallic mineral products, basic metal and fabricated metal products (6.8%), transport equipment and other manufactured products (5.3%), and electrical and electronics products (1.6%),” DoSM chief statistician of Malaysia Datuk Seri Dr Mohd Uzir Mahidin said in a recent statement.

Other subsectors that showed improvement in sales were food, beverages and tobacco (8.9%), textile, apparel, leather and footwear (7.3%) — as well as wood, furniture, paper products and printing (5.4%).

Sales from the petroleum, chemical, rubber and plastic subsector shrank 0.6%.

Meanwhile, a total of 1.09 million employees were engaged in the manufacturing sector during the month, up 1.2% from 1.08 million people the year prior.

Salaries and wages paid amounted to RM3.97 billion in November 2019, a 3.1% or RM118.7 million increase against the same month in 2018.

Subsequently, the sales value per employee rose 1.1% to RM67,430 compared to a year ago.

The average salaries and wages per employee came in at RM3,640 in November 2019, higher than RM3,575 recorded in the previous year.

Separately, DoSM said the Malaysia Industrial Production Index expanded 2% in November 2019 from the year prior.

“The growth in November 2019 was driven by the increase in the index of manufacturing (2.5%), electricity (1.6%) and mining (0.5%),” Mohd Uzir said.

On a YoY basis, manufacturing sector output climbed 2.5% in November last year after growing 2.2% in October 2019.

“The major subsectors contributing to the increase in November 2019 were transport equipment and other manufactures (4.3%), nonmetallic mineral products, basic metal and fabricated metal products (3.7%), and petroleum, chemical, rubber and plastic products (2%),” Mohd Uzir added.

Mining sector output grew 0.5% YoY in November 2019 attributed to improvement in the natural gas index, which saw a 3.7% increase. However, the crude oil and condensate index declined by 3.3%.

The electricity sector output expanded 1.6% in November 2019, as compared to the same month of the previous year.