Index Of Industrial Production and Monthly Manufacturing Statistics , Malaysia March 2020
The Industrial Production Index (IPI) dropped 4.9 per cent in March 2020 as compared with the same month of the previous year. The decline in IPI in March 2020 was contributed by the decrease in all indices, which were index of Manufacturing (-4.2%), index of Mining (-6.5%) and index of Electricity (-7.0%). On year-on-year basis, the Manufacturing sector output dropped 4.2 per cent in March 2020 after recording an increase of 6.2 per cent in February 2020. The major sub-sectors contributing to the decrease in Manufacturing sector in March 2020 were Electrical and Electronics Products (-5.0%), Non-metallic Mineral Products, Basic Metal and Fabricated Metal Products (-9.8%) and Food, Beverages and Tobacco (-9.9%). The Mining sector output dropped 6.5 per cent in March 2020 as compared to the same period of the previous year. The negative growth was due to the decrease in Natural Gas index (-6.0%) and Crude Oil and Condensate index (-7.1%). The Electricity sector output decreased 7.0 per cent in March 2020 as compared to the same month of the previous year. The IPI for the first quarter 2020 recorded a growth of 0.4 per cent as compared to the same period of the previous year. This positive growth was contributed by the increase of 1.3 per cent in Manufacturing index. Meanwhile, Electricity index and Mining index recorded a reduction of 0.4 per cent and 1.8 per cent respectively.  Malaysia’s Manufacturing sales decreased by 3.0 per cent to RM110.2 billion in March 2020 Malaysia’s Manufacturing sales posted a downturn of 3.0 per cent in March 2020 to register at RM110.2 billion as compared to RM113.5 billion reported a year ago. The year-on-year decline in sales value in March 2020 was due to the decrease in Transport Equipment & Other Manufactures Products (-7.4%), Food, Beverages & Tobacco Products (-5.9%) and Electrical & Electronics Products (-5.7%). Total employees engaged in the Manufacturing sector in March 2020 was 2,257,273 persons, an increase of 1.2 per cent or 27,541 persons as compared to 2,229,732 persons in March 2019. Salaries & wages paid amounted to RM7,456.0 million, grew 1.8 per cent or RM130.5 million in March 2020 as against the same month of the preceding year. The sales value per employee declined by 4.1 per cent to record RM48,815 as compared with the same month in 2019. Meanwhile, the average salaries & wages per employee was RM3,303 in March 2020. The performance in first quarter 2020, the sales value of the Manufacturing sector registered a growth of 2.2 per cent to RM339.4 billion as compared to the same period of 2019. The number of employees engaged during the period grew by 1.2 per cent to register 2,257,273 persons while salaries & wages paid posted an increase of 3.4 per cent to RM22.7 billion. The sales value per employee during the reference period rose by 1.0 per cent to record RM150,368. |
The full publication of the Monthly Manufacturing Statistics, March 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 March 2020 is temporary data. This data will be updated based on the latest data obtained and will be published in the April 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.
Released By:
DEPARTMENT OF STATISTICS MALAYSIA
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