Index Of Industrial Production and Monthly Manufacturing Statistics Malaysia, December 2022
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Industrial Production Index (IPI) grew by 3.0 per cent in December 2022 after recording an increase of 4.8 per cent in November 2022. The expansion in December 2022 was propelled by Mining index (4.1%) and Manufacturing index (3.0%). Meanwhile, the Electricity index turned downward to negative 1.1 per cent during the month. In terms of month-on-month comparison, the IPI weakened by 0.6 per cent as against the expansion of 0.9 per cent registered in the previous month.
The output in the Manufacturing sector expanded by 3.0 per cent in December 2022 driven by Electrical & Electronics Products (7.2%); Transport Equipment & Other Manufactures (8.5%); Food, Beverages & Tobacco Products (3.4%); and Non-metallic Mineral Products, Basic Metal & Fabricated Metal Products (2.2%). Smaller declines were recorded in the output of Petroleum, Chemical, Rubber and Plastic Products (-0.9%); and Textiles, Wearing Apparel, Leather Products & Footwear (-0.5%). Meanwhile, the production of Wood Products, Furniture, Paper Products & Printing continued to decline by 4.3 per cent (November 2022: -3.6%).
The production of export-oriented industries rose by 2.7 per cent (November 2022: 5.1%) while domestic-oriented industries increased by 3.8 per cent (November 2022: 4.3%). The expansion in the export-based industry was anchored by the manufacture of computers, electronics & optical products; and the manufacture of coke & refined petroleum products. In the meantime, the growth of the domestic-oriented industry was underpinned primarily by the manufacture of motor vehicles, trailers & semi-trailers; and the manufacture of fabricated metal products, except machinery & equipment.
The output in the Mining sector advanced by 4.1 per cent in December 2022 after the expansion of 6.1 per cent in November 2022. The growth of this sector was supported by the increment of 5.1 per cent in the Crude Oil & Condensate index and 3.3 per cent in the Natural Gas index. As compared to the previous month, the Mining index grew by 1.1 per cent (November 2022: 3.5%).
Overall for the final quarter of 2022, the IPI grew at a slower rate of 4.1 per cent (Q3 2022: 12.2%) as compared to the same quarter of the previous year. The increase was attributed to the growth in Manufacturing (4.0%) and Mining (6.2%) indices. Meanwhile, Electricity index edged down by 0.5 per cent.
Analysing the performance of 2022, the IPI expanded by 6.9 per cent as compared to the same period of the previous year (2021: 7.2%). The increment in the Manufacturing index (8.2%); Electricity index (4.5%); and Mining index (2.8%) supported the growth in 2022.
The sales value of Manufacturing sector expanded by 8.6 per cent year-on-year in December 2022 to record RM156.3 billion while overall performance reaching RM1.8 trillion in 2022. The expansion of sales value in December 2022 was reinforced by the double-digit growth in Transport Equipment & Other Manufactures subsector (10.9%); Petroleum, Chemical, Rubber & Plastic Products (10.3%); and Food, Beverages & Tobacco Products (10.3%).
The sales value of export-oriented industries which accounted for 72.5 per cent of total sales, grew modestly by 9.2 per cent in December 2022 as compared to double-digit growth of 13.6 per cent recorded in November 2022. In addition, sales value in domestic-oriented industries improved slightly to 7.2 per cent as against 7.1 per cent growth in the previous month.
There were 2.34 million persons engaged in the Manufacturing sector in December 2022, went up by 3.4 per cent as compared to a year ago (December 2021: 2.26 million persons). The addition was largely contributed by the Electrical & Electronic Products (5.2%); Food, Beverages & Tobacco Products (4.9%); and Petroleum, Chemical, Rubber & Plastic Products (2.6%) subsectors. In line with the increase in employment, the salaries & wages paid in the Manufacturing sector grew by 5.4 per cent, amounting to RM8.56 billion.
The sales value per went up by 5.1 per cent as compared to the same month in 2021 to record RM66,937 while the average salaries & wages per employee amounted to RM3,666.
In the fourth quarter of 2022, the sales value of the Manufacturing sector continued to record double-digit growth of 11.1 per cent as compared to the same quarter of the previous year to reach RM474.4 billion. The growth was propelled by Petroleum, Chemical, Rubber & Plastics Products (16.2%); Electrical & Electronics Products (14.8%); and Food, Beverages & Tobacco Products (6.5%) subsectors. As for the number of employees and salaries & wages during the quarter, improved by 3.4 per cent and 5.0 per cent respectively.
Summarising the overall performance for the year 2022, the sales value of the Manufacturing sector was RM1,800.7 billion, soared by 15.8 per cent as against 2021. During the year, the number of employees added by 3.4 per cent to record a total of 2.34 million persons with salaries & wages increased by 5.2 per cent to RM94.5 billion. Moreover, sales value per employee registered a growth of 12.1 per cent, amounting to RM771,048.
The full publication of the Monthly Manufacturing Statistics, December 2022 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 December 2022 is temporary data. This data will be updated based on the latest data obtained and will be published in the January 2023 publication.
Released By:
DEPARTMENT OF STATISTICS MALAYSIA
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