Malaysia's manufacturing sales value surges 23.4 pct to record high in June-Xinhua

Malaysia's manufacturing sales value surges 23.4 pct to record high in June

Source: Xinhua

Editor: huaxia

2022-08-09 20:38:15

KUALA LUMPUR, Aug. 9 (Xinhua) -- Malaysia's manufacturing sales value surged 23.4 percent year on year to a record high of 153.5 billion ringgit (about 34.5 billion U.S. dollars) in June, official data showed Tuesday.

The increase was driven by electrical and electronics products which jumped 25.4 percent; petroleum, chemical, rubber and plastic products that climbed 18.8 percent, and non-metallic mineral products, basic metal and fabricated metal products which soared 43.2 percent, the Department of Statistics Malaysia (DOSM) said in a statement.

In the second quarter, sales value of the manufacturing sector grew 17.4 percent to 443.5 billion ringgit as compared to the same quarter of the previous year.

The increase was driven by electrical and electronics products; petroleum, chemical, rubber and plastics products; and food, beverages and tobacco products.

From January to June, sales value of the manufacturing sector rose 15.1 percent to 858.8 billion ringgit as compared to the same period of 2021. (1 ringgit equals 0.22 U.S. dollar)