KUALA LUMPUR (XINHUA) – Malaysia’s manufacturing sales grew 18.8 per cent to MYR142.4 billion (about USD33.9 billion) in November 2021 from a year ago, official data showed yesterday.
The growth in sales value for the month was driven by the petroleum, chemical, rubber and plastic products subsector, which rose 29 per cent, the Department of Statistics Malaysia (DOSM) said in a statement.
The expansion was also attributed to the food, beverages and tobacco subsector, which climbed 20.7 per cent, as well as the electrical and electronics products subsector, which expanded 17.8 per cent.
According to DOSM, sales value for export-oriented industries, which accounted for 71.7 per cent of total sales value, rose 22.2 per cent year-on-year, while domestic-oriented industries increased by 11 per cent.
“The growth of sales value for export-oriented industries was in line with the double-digit growth registered in the external trade exports and the price factors that remain favourable,” said the DOSM.
For the period of January to November 2021, sales value of the manufacturing sector increased by 15.4 per cent to MYR1,410.8 billion (about USD335.86 billion) compared to the same period in 2020.