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Malaysia's manufacturing sales expand 8 pct in March

KUALA LUMPUR
2023-05-09 17:03

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KUALA LUMPUR, May 9 (Xinhua) -- Malaysia's manufacturing sector sales value expanded by 8 percent year on year to 156.2 billion ringgit (35.16 billion U.S. dollars) in March, official data showed on Tuesday.

The Department of Statistics Malaysia (DOSM) said in a statement that the expansion was mainly supported by the double-digit growth in transport equipment and other manufactures (14.6 percent) and electrical and electronics products (12.7 percent) sub-sectors.

In comparison with the preceding month, the sales value returned to record positive growth of 7.6 percent after registering a continuous decline since December 2022.

The sales value of export-oriented industries, which contributed more than two-thirds or 71.7 percent of total sales, rose 7.3 percent in March after registering 9.9 percent growth in February.

Meanwhile, the domestic-oriented industries grew 9.9 percent, moderated from 11.3 percent in February 2023.

For the first quarter, the sales value of the manufacturing sector rose by 8.2 percent to 449.4 billion ringgit (101.16 billion dollars) as against the same quarter in 2022.

The growth was contributed by electrical and electronics products (10.6 percent); petroleum, chemical, rubber and plastics products (7.7 percent); and food, beverages and tobacco products (6 percent) sub-sectors.
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