Monday, February 8, 2021

Manufacturing sales up despite pandemic’s impact on jobs, salaries

The increase in sales value is attributed to a rise in transport equipment and other manufacture products, food, beverages and tobacco, and electrical and electronics.

Other News

Anwar fail rujuk soalan pengisytiharan darurat ke Mahkamah Persekutuan

Soalan yang dikemukakan keputusan menasihati dan/atau nasihat yang diberikan oleh Kabinet yang dipimpin oleh perdana menteri kepada Yang di-Pertuan Agong.

China’s tech titans face new anti-monopoly crackdown

Alibaba alone boasts nearly 900 million mobile monthly active users – more than half of China's population.

Anwar files bid to refer questions on emergency proclamation to Federal Court

The questions include whether the advice given to the king to suspend Parliament is subject to ouster clauses and reviewable in court.

Japan pledges safe Olympics, medical experts aren’t so sure

Organisers point to the success of other sports events during the pandemic, but experts note the Olympics will be on an entirely different scale.

Young Saudi Shiites have death penalties converted to 10 years in jail

Time served will apply in all three cases, and they will be released in 2022.

Malaysia’s sales value for the manufacturing sector grew by 3% in the fourth quarter of last year to RM366.4 billion, compared to the same quarter of the previous year.

This was despite fewer employees in the sector, coupled with a drop in salaries, statistics released by Putrajaya show.

Overall, last year, which saw a major impact on businesses and the economy following the Covid-19 pandemic, there was a 2.1% drop in sales value in the manufacturing sector to RM1,346.6 billion compared to the same period in 2019.

However, there was an upward trend by December, where manufacturing sales stood at RM124.6 billion, a 4.5% growth from the previous year.

The Department of Statistics, which released the figures today, said the rise in sales value was driven by the increase in transport equipment and other manufacture products (20.5%), food, beverages and tobacco (7.9%) and electrical and electronic products (4.2%).

The month of December 2020 also saw the employment rate inching up a little (0.1%), with 15.22 million registered as employed.

However, the fourth quarter of 2020 saw a slight increase in the number of unemployed people, from 745,000 in the previous quarter to 772,900.

Sectors such as wholesale and retail trade, health and social work, communications and information as well as education have seen an upward trend in employment.

Some 61.2% of the employed were males (9.27 million), while female workers numbered 5.89 million.

Meanwhile, the industrial production index (IPI), which measures output in the manufacturing, mining and power sectors, grew 1.7% in December 2020.

The growth was driven by manufacturing (4.1%), while mining and electricity dropped 5.4% and 0.2% respectively.

Follow us on Telegram for the latest updates: https://t.me/malaysianow

Subscribe to our newsletter

To be updated with all the latest news and analyses.

Related Articles

Jualan sektor pembuatan meningkat walaupun pandemik beri kesan kepada pekerjaan, gaji

Nilai jualan sektor pembuatan Malaysia meningkat 3% pada suku keempat tahun lepas kepada RM366.4 bilion.

Rakyat Malaysia dilanda ‘kebimbangan kelesuan’ jika Covid-19 berterusan?

Tinjauan Indeks Kerisauan Nasional mendapati berlaku penurunan ketara mengenai kerisauan pekerjaan dan kos sara hidup berbanding suku ketiga tahun lepas.

Worry fatigue setting in among Malaysians as global pandemic continues?

Survey shows a significant drop in concern about jobs, living costs and other economy-related issues compared to during the third quarter of last year.

17 compounded over birthday bash in Langkawi

They were issued compounds of RM1,000 each for violating movement control order SOPs.

A family’s struggle to keep the roof over their heads

Although poor, they have enough – all they want is to keep the roof from collapsing in on them.