KUALA LUMPUR, Aug 9 — Malaysia’s manufacturing sector sales reached RM921.5 billion in the January-June 2024 period, increasing by 3.7 per cent versus the 3.5 per cent growth in the same period a year ago, said the Statistics Department Malaysia (DOSM).
Chief Statistician Datuk Seri Mohd Uzir Mahidin said the sector’s headcount was up by 1.0 per cent to a total of 2.37 million, while salaries and wages grew by 1.3 per cent to RM49.3 billion.
“Sales value per employee was RM388,904, a 2.7 per cent growth,” he said in the June Monthly Manufacturing Statistics report released today.
The second quarter of 2024 (2Q 2024) registered sales of RM464.2 billion, reflecting a growth of 5.7 per cent (1Q 2024: 1.8 per cent), which was attributed to the electrical and electronics products (7.3 per cent) and the food, beverages, and tobacco (8.2 per cent) sub-sectors.
“Furthermore, the number of employees, and salaries and wages paid during the quarter went up by 1.0 per cent (1Q 2024: 0.5 per cent) and 1.4 per cent (1Q 2024: 1.2 per cent), respectively,” Uzir said.
The sales for the sector remained on steady growth with a 5.9 per cent rise to reach RM156.1 billion in June 2024, primarily driven by the electrical and electronics products sub-sector, which grew by 7.1 per cent after registering a 12.2 per cent growth in May 2024.
“The growth was also supported by the food, beverages and tobacco sub-sector, with an increase of 8.6 per cent; and non-metallic mineral products, basic metal and fabricated metal products, which rose by 11.1 per cent.
“On a month-on-month basis, the sales value grew by 0.8 per cent from RM154.9 billion in May 2024,” he said.
Sales value for the export-oriented industries, which accounted for 73.1 per cent, continued to expand at a faster pace of 6.0 per cent in June 2024 (May 2024: 4.6 per cent), while domestic-oriented industries grew a modest 5.5 per cent (May 2024: 7.9 per cent) due to 5.2 per cent decline in motor vehicles, trailers and semi-trailers sales.
“There were 2.37 million employees in the manufacturing sector in June 2024, a 1.0 per cent increase compared to 0.9 per cent in May 2024,” Uzir.
Salaries and wages rose by 1.8 per cent to total RM8.20 billion in June 2024.
— Bernama
