Index Of Industrial Production and Monthly Manufacturing Statistics Malaysia, January 2020
The Industrial Production Index (IPI) grew by 0.6 per cent in January 2020 as compared with the same month of the previous year. The growth in January 2020 was driven by the increase in the index of Manufacturing (2.1%). Meanwhile index of Mining and Electricity recorded a decline of 3.9 per cent and 0.01 per cent respectively. On year-on-year basis, the Manufacturing sector output rose by 2.1 per cent in January 2020 after recording a growth of 3.4 per cent in December 2019. The major sub-sectors contributing to the increase in January 2020 were Non-metallic Mineral Products, Basic Metal and Fabricated Metal Products (3.9%), Petroleum, Chemical, Rubber and Plastic Products (3.6%) and Electrical and Electronics Products (3.2%). The Mining sector output dropped 3.9 per cent in January 2020 as compared to the same period of the previous year. The decline was due to the decrease in both indices under Mining sector which were Crude Oil and Condensate index (-5.9%) and Natural Gas index (-2.3%). The Electricity sector output edged down 0.01 per cent in January 2020 as compared to the same month of the previous year. Malaysia’s Manufacturing sales grew by 2.6 per cent to RM118.2 billion in January 2020 Malaysia’s Manufacturing sales grew by 2.6 per cent in January 2020 to register at RM118.2 billion as compared to RM115.2 billion reported a year ago. The year-on-year growth was driven by the increase in Petroleum, Chemical, Rubber and Plastic Products (6.9%), Non-Metallic Mineral Products, Basic Metal & Fabricated Metal Products (4.7%) and Electrical & Electronics Products (4.3%). Total employees engaged in the Manufacturing sector in January 2020 was 2,280,951 persons, an increase of 1.4 per cent or 32,559 persons as compared to 2,248,392 persons in January 2019. Salaries & wages paid amounted to RM7,663.6 million, went up 4.1 per cent or RM301.3 million in January 2020 as against the same month of the preceding year. The sales value per employee grew by 1.2 per cent to record RM51,831 as compared with the same month in 2019. Meanwhile, the average salaries & wages per employee was RM3,360 in January 2020. |
The full publication of the Monthly Manufacturing Statistics, January 2020 can be downloaded through eStatistik portal.
- This report can be obtained from the website of the Department of Statistics Malaysia (https://www.dosm.gov.my)
under the column: Latest Releases. - Data for the month of January 2020 is temporary data. This data will be updated based on the latest data obtained and will be published in the February 2020 publication.
After conducting the Economic Census 2016 (reference year 2015), Department of Statistics Malaysia (DOSM) has reviewed and carried out the benchmarking process towards the manufacturing statistics collected from the Monthly Manufacturing Survey. The benchmarking process is done to enable the series of values of annual estimates derived from short term survey consistent and match with the annual value from census/annual survey of the benchmark year. The benchmarking statistics is compiled on sales value, number of employees and salaries & wages and being published starting from January 2020.The benchmark process adapted the guideline of the Quarterly National Accounts Manual 2017 edition, International Monetary Fund to meet the objectives as follows :
- to estimate monthly data that are temporally consistent with the annual data: that is, to ensure that the sum of the monthly data is equal to the annual benchmark;
- to preserve as much as possible the monthly movements in the indicator under the restrictions provided by the annual data; and
- to ensure, for forward series, that the sum of the monthly of the current year is as close as possible to the unknown future annual data.
Detailed information on benchmarking and expansion of coverage can be obtained from the Monthly Manufacturing Statistics publication.
Released By:
DEPARTMENT OF STATISTICS MALAYSIA
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