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Malaysia’s manufacturing sales grow 15.5 pc in December 2021

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KUALA LUMPUR: Malaysia’s manufacturing sales in December 2021 grew 15.5 percent to 143.9 billion ringgits from the same month in 2020, official data showed. Meanwhile, the sales value increased by 1.1 percent as against the previous month.

The Department of Statistics Malaysia (DOSM) said in a statement that the growth in sales value for the month was driven by the petroleum, chemical, rubber and plastic products subsector (19.9 percent), especially in the manufacture of coke and refined petroleum products industries.

The expansion was also attributed to the food, beverages and tobacco subsector (19 percent) supported by the manufacture of food products industries as well as the electrical and electronics products subsector (18.4 percent) mainly in the manufacture of computer, optical and electronics products.

In the fourth quarter of 2021, the sales value of the manufacturing sector grew 16.5 percent to 427 billion ringgits as compared to the same quarter of the previous year.

This increase was driven by petroleum, chemical, rubber and plastics products (25.2 percent), electrical and electronics products (17.7 percent) and food, beverages and tobacco products (17 percent).

For 2021, the sales value of the manufacturing sector increased by 15.5 percent to 1,554.7 billion ringgits as compared to the same period in 2020.

In comparison with pre-pandemic 2019, the sales value of the manufacturing sector increased by 13 percent.

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