Manufacturing sector Malaysia posts RM65.5b sales in April 2018
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Malaysia’s April manufacturing sales recorded a growth of 8.2% to RM65.5 billion compared with RM60.5 billion reported a year ago, according to the Statistics Department.
The significant increase in sales value in April was due to the increase in electrical and electronics products (13.9%), petroleum, chemical, rubber and plastic products (6.3%) and food, beverages and tobacco products (6.4%).
Total employees engaged in the manufacturing sector in April 2018 was 1.07 million persons, an increase of 2.1% or 22,100 persons against 1.05 million persons in April 2017.
Salaries & wages paid rose 10.2% (RM353.5 million) to record RM3.83 billion, thus registering an average salaries & wages per employee of RM3,577 in April 2018.
Sales value per employee gain 6.0% to RM61,226 compared with the same month the previous year.
MIDF Research is of the view that the continuous uptrend in both wages and employment in the manufacturing sector provides a bright outlook for the economic activities and contribute positively towards domestic consumption in 2018.
Questions & Answers
Q.What was the total value of manufacturing sales recorded in April 2018?
What was the total value of manufacturing sales recorded in April 2018?
Malaysia's manufacturing sector recorded sales of RM65.5 billion in April 2018. This was an increase compared to the RM60.5 billion reported in the same month a year prior.
Q.Which product categories saw significant increases in sales value during April?
Which product categories saw significant increases in sales value during April?
Electrical and electronics products increased by 13.9%, petroleum, chemical, rubber and plastic products by 6.3%, and food, beverages and tobacco products by 6.4%.
Q.How many people were employed in the manufacturing sector in April 2018?
How many people were employed in the manufacturing sector in April 2018?
Total employment in the manufacturing sector reached 1.07 million persons in April 2018. This represents an increase of 2.1% or 22,100 people compared to April 2017.
Q.What was the average salary and wages paid per employee in April 2018?
What was the average salary and wages paid per employee in April 2018?
The average salaries and wages per employee in April 2018 were RM3,577. Total salaries and wages paid in the sector rose by 10.2% to RM3.83 billion.
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