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

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

13 Apr 2020

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