Manufacturing sales value surges 23.4% to RM153.5bil in June


KUALA LUMPUR: Malaysia’s Manufacturing sales value in June 2022 expanded 23.4% to RM153.5bil as compared to RM124.4bil reported a year ago, according to the Statistics Department (DOSM).

On a month-on-month growth, the sales value expanded by 8.1% from RM142bil in May 2022 while in seasonally adjusted terms, the sales value increased by 6.9%.

“The year-on-year increment in June 2022 was driven by electrical & electronics products (25.4%), petroleum, chemical, rubber & plastic products (18.8%) and non-metallic mineral products, basic metal & fabricated metal products (43.2%),” DOSM said in a statement.

The department said total employees engaged in the manufacturing sector in June 2022 was 2.297 million persons, an increase of 3.7% as compared to 2.215 million persons in June 2021.

“Salaries and wages paid amounted to RM7,816.0 million, rose by 6.2% or RM455.7mil in June 2022 as against the same month of the preceding year,” DOSM said, adding that salaries & wages paid in June 2022 increased by 0.4% as compared to May 2022.

The average salaries and wages paid per employee in June 2022 was RM3,401, up 2.4% as compared to the same month in 2021.

The average salaries and wages paid per employee increased 0.3% as compared to May 2022.

“In the second quarter of 2022, the sales value of the manufacturing sector grew 17.4% to RM443.5bil as compared to the same quarter of the previous year,” DOSM said.

It said the increase was driven by electrical & electronics products (24.2%), petroleum, chemical, rubber & plastics products (11.1%) and food, beverages & tobacco products (16.5%).

The number of employees and salaries and wages rose 3.7% and 5.2% respectively in the second quarter 2022.

“The sales value of the Manufacturing sector in the period January to June 2022 registered an increase of 15.1% to RM858.8bil as compared to the same period of 2021,” the department said.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Wall Street opens lower as rally in growth stocks falters
Axiata’s tower arm edotco weighing US$700mil financing, sources say
MYAirline to operate as LCC, not ULCC
MUI sells 5.57% stake in PMC for RM6.45mil
Wiki Impact report: Bursa top 20 companies donated RM159.69mil in cash in 2021
FMM: Implementation of CPTPP is timely for Malaysian businesses to recover
Ringgit strengthens against US dollar at the close
Ancom Nylex completes acquisition of 25% stake in Ancom-Chemquest Terminals
RHB Bank Cambodia aims to become SME bank of choice by 2024
Bursa Malaysia ends higher for third consecutive day on Wall St rally

Others Also Read