KUALA LUMPUR, Oct 12 ― Malaysia's manufacturing sector saw its sales value fall 3.3 per cent year-on-year (y-o-y) to RM152.3 billion in August 2023, mainly due to the...
Trial: Money from 1MDB unit’s borrowed US$975m did make it to Najib’s private bank account, Bank Negara analyst insistsAccording to the Department of Statistics Malaysia, the country’s manufacturing sector saw its sales value fall 3.3 per cent year-on-year to RM152.3 billion in August 2023, mainly due to the petroleum chemical, rubber and plastic sub-sector which shrank 12.1 per cent.
On the domestic-oriented industries, he said the sales value grew 7.2 per cent in August 2023 versus 9.1 per cent in the previous month. “In line with the increase in employment, the salaries and wages paid in the manufacturing sector grew three per cent y-o-y, amounting to RM8 billion in August 2023,” he said.
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