KUALA LUMPUR: The overall sales value of Malaysia’s manufacturing sector reached RM1.8 trillion in 2023, up marginally by 0.2 per cent compared with 2022, said the Department of Statistics Malaysia (DoSM).
It said the sales value of the manufacturing sector declined 4.2 per cent year-on-year (y-o-y) to RM149.9 billion in December 2023, marking the largest decline since May 2020 (-20.4 per cent), primarily influenced by the continuous decline in the petroleum, chemical, rubber and plastic products sub-sector since June 2023.
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