Malaysia: July manufacturing sales slip 3.4%

Posted on 13 September 2016

Source: The Sun Daily

The manufacturing sector saw sales decrease 3.4% (RM1.8 billion) to RM52.3 billion in July 2016 compared to RM54.1 billion a year ago, according to the Statistics Department.

The total number of employees engaged in the manufacturing sector in July 2016 was 1.02 million, an increase of 0.1% or 1,007 compared to 1.02 million in July 2015.

Salaries and wages paid in July 2016 increased by 6.5% (RM192.4 million) to RM3.16 billion. Productivity decreased by 3.5% to record RM51,001 as compared with the same month of the previous year.

Meanwhile, it said the Industrial Production Index (IPI) in July 2016 grew moderately by 4.1% compared to the same month of the previous year. The increase in July 2016 was supported by positive growth in all indices: manufacturing (3.3%), mining (6.1%) and electricity (7.1%).

The IPI in June 2016 remained unchanged at 5.3% year-on-year.

In seasonally adjusted terms, the IPI in July 2016 recorded a decrease of 0.7% month-on-month due to the declined in all indices: manufacturing (1.7%), mining (0.9%) and electricity (0.1%).

Year-on-year basis, manufacturing sector output registered modest growth of 3.3% in July 2016 after an increase of 4.7% recorded in June 2016.

The major sub-sectors which recorded expansions in July 2016 were petroleum, chemical, rubber and plastic products (3.5%); electrical and electronic products (4.1%) and non-metallic mineral products, basic metal and fabricated metal products (4.1%). On a seasonally adjusted month-on-month basis, manufacturing output declined by 1.7% in July 2016.

The mining sector output recorded a growth of 6.1% in July 2016 after a 6.3% increase in June 2016. This expansion was contributed by the higher growth in crude oil index by 13.9%. The natural gas index, however, declined by 2.7%. As against June 2016, seasonally adjusted output for the mining sector decreased by 0.9%.

The electricity sector output increased further by 7.1% in July 2016 after registering a 8.7% expansion in June 2016. On a seasonally adjusted terms, electricity sector output declined by 0.1% in July 2016 as compared to the previous month.

Malaysia’s IPI for the period of January to July 2016 expanded by 3.6% as compared to the same period of the previous year. The expansion was contributed by the increase in all indices: manufacturing (4.0%), mining (1.5%) and electricity (8.6%). 

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