KUALA LUMPUR, June 11 ― Malaysia’s manufacturing sales plunged 33.0 per cent year-on-year (y-o-y) to RM75.8 billion in April 2020 compared to RM113.1 billion reported a year ago, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said...
According to the Department of Statistics Malaysia, the country’s manufacturing sales plunged 33.0 per cent year-on-year to RM75.8 billion in April 2020 compared to RM113.1 billion reported a year ago. ― Picture by Choo Choy May
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said month-on-month, the sector’s sales value went down by 31.2 per cent , while in seasonally adjusted terms, the sales value registered a decrease of 29.5 per cent. Mohd Uzir attributed the decline to the closure of business operations during the Movement Control Order due to the Covid-19 pandemic.
He added that the non-essential services industry also registered a significant decline in growth, as the capacity utilisation of factories fell below 50 per cent.
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