Dear Members & Friends,

Malaysia's manufacturing sales in Feb'08 up 21%

Malaysia's manufacturing sales continued to register strong double-digit growth into February 2008, recording a higher growth of 21.1% or RM7.7 billion to RM44.2 billion from RM36.5 billion in the corresponding month last year, according to the latest release from the Department of Statistics (DOS).

The higher sales value was mainly due to expansion in five major manufacturing industries - refined petroleum products (56.9%), computers and computer peripherals (25.4%), other
basic industrial chemicals except fertilizers and nitrogen compounds (35.0%), basic iron and steel products (38.9%) and semi-conductor devices (16.7%).

Sales in February 2008, however, declined by 6.0% or RM2.9 billion from RM47.1 billion in January 2008.

For the first two months of the year, the manufacturing sector recorded an increase of RM14.1 billion or 18.3% in sales value RM91.3 billion over the corresponding period last year, which was at RM 77 billion.

The total number of employees engaged in the manufacturing sector in February 2008 increased by 1.7% or 18,017 persons to 1,096,004 persons. However the total workers employed in the manufacturing sector fell slightly by 0.5% or 5,262 persons in February from the previous month's total employment of 1,101,266 persons.

The productivity, as measured by the average sales value per employee, in the first two months of 2008 registered an increase of 16.4% or RM11,714.60 to RM83,330.20


Disclaimer: This information has been collected through secondary research by S. Rengasamy (Hon. Secretary General, MAICCI). Both S. Rengasamy and MAICCI are not responsible for any errors in the same.


Thank you and best regards.

“TOGETHER WE ACHIEVE EXCELLENCE”

Yours in MAICCI,