Malaysia’s labour productivity up by 3.5% in 2016

KUALA LUMPUR, 31 Mei -- Menteri Perdagangan Antarabangsa dan Industri Datuk Seri Mustapa Mohamed (kanan) menunjukkan buku Laporan Produktiviti Perbadanan Produktiviti Malaysia (MPC) 2016/2017 selepas melancarkan laporan itu di Menara MITI hari ini. Turut hadir Pengerusi MPC Tan Sri Azman Hashim. --fotoBERNAMA (2017) HAK CIPTA TERPELIHARA

KUALA LUMPUR: Malaysia’s labour productivity grew by 3.5% to RM78,218 in 2016 from RM75,548 previously, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said the result, slightly lower than the 3.7% annual growth targeted under the 11th Malaysia Plan (2016-2020), was mainly due to the financial market’s volatility and uncertain business confidence.

Two top sectors that contributed to the growth were manufacturing with a productivity level of RM106,647 (+1.4%) and services at RM68,166 (+2.8%).

“The agriculture sector registered an improved growth of 3.4% at RM55,486 compared with -2.3% in 2015,” Mustapa said when launching the Productivity Report 2016/2017 in Kuala Lumpur on Wednesday.

The report, themed Challenging the Frontier, Empowering People, was published by Malaysia Productivity Corp. - Bernama