Sun, 03 Jul 2022

Malaysia's manufacturing sales up 13.9 pct in March

Xinhua
10 May 2022, 22:44 GMT+10

KUALA LUMPUR, May 10 (Xinhua) -- Malaysia's manufacturing sales value in March grew 13.9 percent to a record high of 144.6 billion ringgit (33.06 billion U.S. dollars) from a year ago, official data showed Tuesday.

Meanwhile, the sales value increased by 9.8 percent as against the previous month.

The growth in sales value for March was driven by the electrical and electronics products subsector, which rose 25.9 percent, especially in the manufacture of computer, electronic and optical products, the Department of Statistics Malaysia (DOSM) said in a statement.

The expansion was also attributed to the food, beverages and tobacco subsector, which expanded 14.4 percent, supported by the manufacture of food products, as well as the petroleum, chemical, rubber and plastic products subsector, which climbed 6.3 percent, mainly in the manufacture of coke and refined petroleum products.

According to the DOSM, sales value for export-oriented industries, which accounted for 72.2 percent of total sales value, recorded an increase of 16.8 percent, while domestic-oriented industries posted an increment of 7.1 percent in March as compared to the same month in 2021.

In the first quarter of 2022, the sales value of the manufacturing sector grew 12.8 percent to 415.3 billion ringgit (94.77 billion dollars) as compared to the same quarter of the previous year.

The increase was driven by electrical and electronics products (17.6 percent), food, beverages and tobacco products (16.3 percent) and petroleum, chemical, rubber and plastics products (9.7 percent).

More Malaysia News

Access More

Sign up for Kuala Lumpur News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!