Malaysia’s Industrial Production Index encompasses three sectors namely mining, manufacturing and electricity, says the statistics department.
The manufacturing sector engaged 2.37 million persons in September 2023, an increase of 2.4% as compared to the 2.32 million persons registered a year earlier.
“Additionally, the food, beverages, and tobacco sub-sectors contracted by 1.7% and the wood, furniture, paper, products and printing sub-sectors fell by 0.7%,” he said in the monthly manufacturing statistics report released today. Nonetheless, the domestic-oriented industries sustained their resilience and grew 8.1% in September 2023 .
Salaries and wages paid in the manufacturing sector increased by 3.2% year-on-year, totalling RM8.1 billion in September 2023.In another report, the statistics department said Malaysia’s Industrial Production Index , which consists of three sectors namely mining, manufacturing and electricity, slipped by 0.5% year-on-year in September 2023.“Conversely, the manufacturing sector returned to marginal growth of 0.
On a monthly basis, the IPI showed continuous expansion with 1.1% growth after registering 2.8% in August 2023.
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