Manufacturing Sales Up 15.6 % to RM60.5 Billion in April
Malaysia’s April 2017 manufacturing sales posted a strong growth of 15.6 per cent, rising to RM60.5 billion as compared with RM52.3 billion recorded in the same month last year. The Department of Statistics attributed the significant increase to the increase in electrical and electronics products (17.3 per cent), petroleum, chemical, rubber and plastic products (18.2 per cent) and non-metallic mineral products, basic metal and fabricated metal (12.3 per cent). These three sub-sectors contributed 80.1 per cent to the sales value of the manufacturing sector.
IPI rose 4.2% in April
Meanwhile, the Industrial Production Index rose by 4.2 per cent in April, supported by strong growth in the manufacturing sector. The Statistics Department said the manufacturing sector, which grew by 6.7 per cent, was led by three major sub sectors – electrical and electronics (E&E) products (9.7 per cent), food, beverages and tobacco (15.4 per cent) and petroleum, chemical, rubber and plastic products (3.0 per cent).