Index Of Industrial Production and Monthly Manufacturing Statistics Malaysia, May 2020
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The Industrial Production Index (IPI) surged 18.2 per cent in May 2020 as compared with the previous month since the government allowed more industries to resume operations in May 2020. Based on month-on-month comparison, the increment of IPI in May 2020 was due to the increase in all indices; index of Manufacturing (25.9%), index of Electricity (13.7%) and index of Mining (0.4%).
However, for year-on-year basis, the Industrial Production Index (IPI) tumbled 22.1 per cent in May 2020 as compared with the same month of the previous year. Deterioration of IPI in May 2020 was due to the significant decline in all indices; index of Manufacturing (-23.2%), index of Mining (-22.2%) and index of Electricity (-10.3%).
The output of Manufacturing sector in May 2020 contracted 23.2 per cent on year-on-year basis after recording 37.2 per cent declined in April 2020. The main sub-sectors contributing to the decrease in Manufacturing sector in May 2020 were Non-metallic Mineral Products, Basic Metal and Fabricated Metal Products (-45.1%), Transport Equipment and Other Manufactures (-38.5%) and Petroleum, Chemical, Rubber and Plastic Products (-24.3%).
The output in Mining sector dropped 22.2 per cent in May 2020 as compared to the same period of the previous year. The deterioration was due to the decreased in Crude Oil and Condensate index (-22.2%) and Natural Gas index (-22.2%).
The output in Electricity sector decreased 10.3 per cent in May 2020 as compared to the same month of the previous year.
Malaysia’s Manufacturing sales in May 2020 stood at RM90.2 billion, rebounded 19.1 per cent as compared to previous month. However, the sales value continued to record a smaller negative growth of 19.8 per cent year-on-year. On monthly basis, since the reopening of almost all economic sectors on May 4, 2020 under Conditional Movement Control Order (CMCO), the sub-sectors that grew at a faster pace were Transport Equipment & Other Manufactures Products (131.2%), Non-Metallic Mineral Products, Basic Metal & Fabricated Metal Products (64.2%) and Electrical & Electronics Products (27.8%).
Meanwhile, year-on-year basis, the decline in sales value in May 2020 was due to the decrease in Non-Metallic Mineral Products, Basic Metal & Fabricated Metal Products (-46.8%), Transport Equipment & Other Manufactures Products (-29.9%) and Electrical & Electronics Products (-19.9%).
Total employees engaged in the Manufacturing sector in May 2020 was 2,175,145 persons, a decrease of 2.8 per cent as compared to 2,237,256 persons in May 2019. Salaries & wages paid amounted to RM6,967.9 million, decreased by 3.9 per cent or RM285.3 million in May 2020 as against the same month of the preceding year.
The sales value per employee declined by 17.5 per cent to record RM41,476 as compared with the same month in 2019. Meanwhile, the average salaries & wages per employee was RM3,203 in May 2020.
The full publication of the Monthly Manufacturing Statistics, May 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 May 2020 is temporary data. This data will be updated based on the latest data obtained and will be published in the June 2020 publication.
Released By:
DEPARTMENT OF STATISTICS MALAYSIA
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