Monthly Manufacturing Statistics, April 2023
The sales value of the Manufacturing sector declined by 2.0 per cent to register RM145.0 billion in April 2023 The sales value of the Manufacturing sector fell by 2.0 per cent in April 2023 after registering a positive growth of 8.0 per cent in March 2023, the lowest since May 2020. The decline was influenced mainly by the deterioration in Food, beverages & tobacco (-12.7%); Transport equipment & other manufactures (- 4.9%); and Petroleum, chemical, rubber & plastics (-3.1%) sub-sectors. In comparison with the previous month, the sales value returned to a decline with negative 7.2 per cent as against an increase of 7.6 per cent registered in March 2023 . The sales value of export-oriented industries which accounted for 71.5 per cent of total sales recorded a decrease of 3.4 per cent in April 2023 after registering positive momentum since May 2020. Nonetheless, the domestic-oriented industries maintained a positive ...