KUALA LUMPUR: The sales value of the manufacturing sector dipped by 1.9 per cent year-on-year to RM158.7 billion in September 2023 from RM161.7 billion in the same month last year, said the Department of Statistics Malaysia (DoSM). As compared to the preceding month, the sales value increased by 4.3 per cent as against RM152.2 billion recorded in August 2023. Nonetheless, the domestic-oriented industries sustained their resilience and grew 8.1 per cent in September 2023 (August 2023: 7.2 per cent). Salaries and wages paid in the manufacturing sector increased by 3.20 per cent year-on-year, totalling RM8.1 billion in September 2023. For the first nine months of 2023 (9M 2023), the sales value of the manufacturing sector hit RM1.34 trillion, up 1.3 per cent as compared to the same period in the preceding year (9M 2022: 17.6 per cent).

Source: The Star November 07, 2023 15:12 UTC