Posts

Showing posts from July, 2023

Monthly Manufacturing Statistics, May 2023

Image
  The sales value of the Manufacturing sector returned to positive growth of 3.3 per cent, reaching RM146.8 billion in May 2023  The sales value of the Manufacturing sector increased by 3.3 per cent in May 2023 after recording a decline of 2.0 per cent in the preceding month. The expansion was bolstered by the strong growth of 17.3 per cent registered in Transport equipment & other manufactures coupled with the continuously increasing trend in Non-metallic mineral products, basic metal & fabricated metal products (8.7%); and Electrical & electronics products (8.2%). On month-on-month comparison, the sales value rebounded to 1.3 per cent as against a negative 7.2 per cent recorded in April 2023. The sales value of export-oriented industries which represented 71.6 per cent of total sales rebounded marginally by 0.2 per cent in May 2023 after registering a decrease in April 2023. Nonetheless, the domestic-oriented industries sustained positive momentum to record doub...

Industrial Production Index, May 2023

Image
  Malaysia's Industrial Production Index rebounded to 4.7 per cent in May 2023, induced by positive momentum in all sectors The IPI returned to positive growth of 4.7 per cent in May 2023 as against negative 3.3 per cent recorded in the previous month. The expansion in May 2023 was attributed by the increase in all sectors,  predominantly by Manufacturing sector which registered 5.1 per cent (April 2023: 3.0%), Mining with 2.9 per cent (April 2023: -4.9%); and Electricity with 5.0 per cent (April 2023: -2.0%). As compared to April 2023, the IPI accelerated by 7.3 per cent after registering a negative growth of 10.8 per cent in April 2023. The rise of 5.1 per cent in Manufacturing sector in May 2023 was propelled by the robust growth of 10.1 per cent in domestic-oriented industries (April 2023: -2.1%) which was backed by the Manufacture of motor vehicles, trailers & semi-trailers (16.4%); and Manufacture of fabricated metal products, except machinery & equipment (11.9%...