Monday, July 11, 2011

May manufacturing sales up 8% on-yr to RM47.8b

KUALA LUMPUR: Malaysia's May manufacturing sales value rose 8% or RM3.5 billion to RM47.8 billion from RM44.3 billion a year ago, underpinned by growth in the sales value of industries especially petroleum products and semiconductor related items.

The Statistics Department said on Monday, July 11 the sales value however slipped 3.7% or RM1.8 billion from April. The sales value in April 2011 was a revised positive 15.2% on-year to record RM49.6 billion.

It said out of the 116 industries surveyed, 88 industries of 72.4% recorded an increase in sales value.

The five major industries whose sales value increased significantly were manufacture of refined petroleum products (17.9%), manufacture of electronic valves and tubes and printed circuit board (20.7%).

They also included the manufacture of other basic industrial chemicals except fertilisers and nitrogen compounds (12.0%), manufacture of other basic precious and non-ferrous metals (48.9%), and rubber remilling and latex processing (25.2%).

However, when compared with April, there was a decline in sales value in May due to drop in 50 industries (43.1%) out of 116 industries covered in the survey. Among the five major industries whose sales value fell included manufacture of refined petroleum products (15.2%) and'' manufacture of computer and computer peripherals (15.3%).

In January-May 2011, the manufacturing sector's sales value posted a double digit growth of 11.1% or RM24.0 billion to register RM241.3 billion.

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