Malaysia's Manufacturing Sales Up 5.5 Percent in May
15:00 - July 19, 2024

Malaysia's Manufacturing Sales Up 5.5 Percent in May

TEHRAN (ANA)- Malaysia's manufacturing sales grew 5.5 percent year on year to 154.9 billion ringgit (33.16 billion U.S. dollars) in May, official data showed.
News ID : 6543

The Department of Statistics said in a statement that the increase was mainly underpinned by double-digit growth in the electrical and electronics products (12.2 percent) sub-sector.

This was followed by the growth of non-metallic mineral products, basic metal and fabricated metal products (8.9 percent); and food, beverages and tobacco (7.7 percent) sub-sectors.

In comparison with the preceding month, the sales value expanded by 1.1 percent.

More than two-thirds of the sales value was contributed by export-oriented industries, which improved further by 4.6 percent year-on-year.

From January to May, the sales value of the manufacturing sector in Malaysia reached 765.5 billion ringgit, rising by 3.3 percent as compared to the same period of 2023.

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