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Tuesday 19 May 2009

Malaysia March manufacturing sales down


MALAYSIA'S value of manufacturing sales fell by 25.5 per cent year-on-year in March, as 80 industries (69 per cent) out of 116 industries covered in the survey posted lower sales.

Total manufacturing sales stood at RM36.6 billion, from RM49.1 billion billion the year before.

The five major industries whose sales value decreased significantly were refined petroleum products (36.6 per cent), computer and computer peripherals (41.3 per cent), other basic industrial chemicals except fertilisers and nitrogen compounds (49 per cent), basic iron and steel products (41.9 per cent) and electronic valves and tubes and printed circuit boards (27.7 per cent).

Meanwhile, sales value for manufacturing in February was revised upward from negative 26.1 per cent to negative 22.9 per cent.

Month-on-month, the sales value of the local manufacturing sector rose 6.3 per cent from RM34.4 billion in February 2009.

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