KUALA LUMPUR: Malaysia's manufacturing industry's sales rose 1.4% year-on-year to RM158.4 billion in March 2024, according to the Department of Statistics Malaysia (DOSM).
Chief Statistician Datuk Seri Mohd Dr Uzir Mahiddin said in a statement today that sales growth has shown a positive year-on-year trend for three consecutive months, mainly due to non-metallic mineral products and basic metals' sales growth of 9.6%. % increase. and metalwork.
“Other sub-sectors include furniture, paper products, printing (3.4%) and electrical and electronic products (2.3%).
“Mon-on-month, sales improved by 8.3% compared to -4.3% recorded in February 2024,” he said.
Mohd Uzil said that sales of export-oriented industries, which account for 70.4% of total sales, decreased slightly by 0.2% in March 2024, following a 1.7% decline in the previous month.
“This decrease was due to the production of coke and refined petroleum products (-6.7%), production of vegetable and animal fats and oils (-5.5%), and production of chemicals and chemical products (-3.0%).” subsector,” he said.
On the contrary, Mohd Uzil said the domestic industry remains vibrant and will grow by 5.4% in March 2024 compared to 6.5% in the previous month.
“This expansion was driven by double-digit growth in the manufacturing of processed metal products, excluding machinery and equipment, which accelerated to 16.6%. Additionally, the manufacturing of food processed products and the manufacturing of other non-metallic mineral products also contributed to growth. 'Registered growth of 7.7 per cent and 6.5 per cent respectively,' he added.
Mohd Uzil said salaries and wages paid in the manufacturing industry increased by 0.7% year-on-year to RM8.23 billion in March 2024, while the average monthly salary and wages per employee increased by 0.2% to RM8.23 billion. He pointed out that he recorded the ringgit. Revenue per employee increased by 0.9% to RM67,022. – Bernama
