Monthly Manufacturing Statistics, May 2023
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...