Manufacturing sector's July sales value hits RM157.1bil, highest growth since Feb 2023 - DoSM

Kenanga Research noted that despite the mild contraction, the manufacturing sector was still stable.

KUALA LUMPUR: The manufacturing sector’s July 2024 sales value reached RM157.1 billion, registering a 9.1 per cent jump versus the previous corresponding month and marking its highest growth since February 2023, said the Department of Statistics (DOSM).

In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase was primarily driven by a 16.0 per cent double-digit growth from the food, beverages and tobacco sub-sector.