Malaysia Feb manufacturing sales up 7% y-o-y at RM110.6b

Malaysia's February 2020 manufacturing sales grew 7% year-on-year (y-o-y) to RM110.6 billion from RM103.4 billion, driven by petroleum, chemical, rubber and plastic products, besides food, beverage and tobacco items and electrical and electronic entities, the Department of Statistics said

Malaysia's February 2020 manufacturing sales grew 7% year-on-year (y-o-y) to RM110.6 billion from RM103.4 billion, driven by petroleum, chemical, rubber and plastic products, besides food, beverage and tobacco items and electrical and electronic entities, the Department of Statistics said today.

In a statement today, the department said that on a month-on-month basis, February 2020 manufacturing sales fell 6.3%.

The department said the total number of employees engaged in the manufacturing sector in February 2020 was 2.28 million, an increase of 1.6% from 2.24 million employees a year earlier.

"The content of the report also stated that salaries and wages paid amounted to RM7.61 billion, rose by 4.4% or RM318.1 million in February 2020 as against the same month of the preceding year.

"Simultaneously, the sales value per employee grew by 5.3% to record RM48,553 as compared with the same month in 2019. Meanwhile, the average salaries and wages per employee was RM3,340 in February 2020,” the department said.

Source: The Edge Markets 

Posted on : 13 April 2020
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Last Updated : Thursday 9th July 2020