KUALA LUMPUR: Malaysia’s manufacturing sector saw its sales value grow 4.9 per cent to RM62.3 billion year-on-year in February, said the Department of Statistics today.

This was due to the increase in electrical and electronic products (5.7 per cent), petroleum, chemical, rubber and plastic products (6.6 per cent) and non-metallic mineral products, basic metal and fabricated metal products (5.1 per cent).

These three sub-sectors contributed 80.4 per cent to the sector’s sales value, the department said.

Total employees engaged in the sector increased 2.2 per cent or 22,900 people to 1.06 million people during the month.

Salaries and wages rose 16.7 per cent or RM537.6 million to RM3,758.8 million, thus registering an average salaries and wages per employee of RM3,527 in February.

Sales value per employee edged up  2.6 per cent to RM58,494.

Meanwhile, Malaysia’s Industrial Production Index (IPI) increased three per cent year-on-year in February, supported by the growth in the manufacturing (4.7 per cent) and electricity indexes (2.8 per cent), said the department.

The mining index, however, recorded a decline of 1.6 per cent while the January IPI was revised to 5.4 per cent year-on-year.

On a yearly basis, manufacturing sector output grew by 4.7 per cent in February 2018 after registering a growth of 6.9 per cent in January, the department said.

The main sub-sectors which recorded increases in February 2018 were petroleum, chemicals, rubber and plastics products (7.0 per cent), electrical and electronic equipment products (5.4 per cent) and non-metallic mineral products, basic metal and fabricated metal products (5.0 per cent).

The mining sector output decreased by 1.6 per cent in February 2018 (January 2018: 1.5 per cent). The decline was due to the decrease in the natural gas index (-3.5 per cent). Meanwhile, the crude oil index rose by  0.5 per cent. The electricity output recorded an increase of  2.8 per cent in February 2018 on yearly basis.

 

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