Daughter: In 2024, the selling price of the manufacturing sector reached RM1.9 trillion, which increased 4.6%(2023: 0.2%), while in December 2024 sales were RM158.4 billion (5.7%).
Chief Statistics Malaysia Datuk Seri Dr. Mohammad Uzir Mahidin said that the growth of selling price in the manufacturing sector was mainly supported by food, beverages and tobacco sub-sector, which remained to register a double-point increase at 14.6% in December 2024 (November 2024. 12.3%).
Meanwhile, he added electrical and electronics products and non-metallic mineral products, basic metal and manufactured metal product sub-sectors also contributed to the sales growth of manufacturing sector, 8.7% (November 2024: 8.6%) and 3.2% of 3.2% Refined increase (November 2024: 2.7%), respectively.
Comparison with the earlier month, he stated that the sale price of RM162 billion recorded in November 2024 shrunk to 2.2%.
The sale price of export-oriented industries expanded up to 7.1% in December 2024 (November 2024: 6.1%), representing 70.1% of the total sales. The expansion was mainly responsible for an increase in the manufacture of computers, electronics and optical products at 9.4%; After the manufacture of vegetables and animal oils and fat (17%); And rubber products (10.7%) manufacture of industries.
Similarly, domestic -oriented industries also improved 2.5% in December 2024 after registering a 0.8% increase in November 2024. The increase was mainly contributed by an increase in the manufacture of food processing products which increased to 11.2% (November 2024: 8.7%)); Building metal products industry fabricated except machinery and equipment (4.8%); And the creation of beverages (16.3%) industries.
Based on a month-by-month, both export and domestic oriented industries fell 3% and 0.3% respectively.
Commenting on the number of employees, Mohammad Uzir said, “In December 2024, the region has 2.4 million persons, with a steady growth rate of 1% for two consecutive months. Also mainly operated by food, drinks and tobacco (2.3%); Non-metal mineral products, basic metal and manufactured metal products (1.3%); And wood, furniture, paper products and printing (0.9%) sub-sector. Based on the month-by-month, the number of employees in the region declined by 0.1%. ,
On this note, he said that the salary and wages paid in the manufacturing sector also posted an amount of RM8.9 billion, 1.7%in December 2024.
Compared to month-by-month, he said that salary and wages have increased by 7.1%. Subsequently, he said that the selling price per employee went to RM66,027 (4.6%), while in December 2024 per employee average salary and wages were RM3,706, which was 0.6% year-to-year.
In the fourth quarter of 2024, the selling price in the manufacturing sector increased 4.4% year-over year, RM481.8 billion (Q3’24: RM483.2 billion, 6.5%).
