Manufacturing sales grew by 7% in February 2020

by NUR HANANI AZMAN/ pic by TMR FILE

MALAYSIA’S manufacturing sales rose by 7% in February 2020 to RM110.6 billion compared to RM103.4 billion recorded in the same month last year.

The Department of Statistics Malaysia (DoSM) said the higher sales value for the second month of 2020 was driven by the increase in petroleum, chemical, rubber and plastic products which inched 9.4% higher, followed by food, beverages and tobacco products (7.2%), and electrical and electronics products (5.5%).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said for the month-on-month growth, the sales value went down by 6.3% (RM7.4 billion), while in a seasonally adjusted terms, the sales value registered an increase of 3%.

“The total employees engaged in the manufacturing sector in February 2020 were 2.27 million people, an increase of 1.6% or 36,080 per- sons compared to 2.24 million persons in February 2019.

“Salaries and wages paid amounted to RM7.61 billion, which rose by 4.4% or RM318.1 million in February 2020 against the same month of the preceding year,” he said in a statement.

Simultaneously, the sales value per employee grew by 5.3% to record RM48,553 compared to the same month in 2019.

The average salaries and wages per employee was RM3,340 in February 2020.

Meanwhile, DoSM said manufacturing sales grew 2.6% in January 2020, registering RM118.2 billion compared to RM115.2 billion reported a year ago.