Malaysia’s manufacturing sales rise 9.1 pct on year in July

Kuala lumpur: Malaysia's manufacturing sector's sales value rose 9.1 percent year on year to 157.1 billion ringgit (36.04 billion U.S. dollars) in July, marking the highest growth since February 2023, official data showed Tuesday. The Department of Statistics Malaysia (DOSM) said in a statement that the increase was driven largely by a double-digit growth of 16 percent in the food, beverages and tobacco sub-sector. This was followed by the sub-sector of electrical and electronics products (8.2 percent), and the petroleum chemical, rubber and plastic (6.2 percent). On a month-to-month basis, the sales value grew by 0.6 percent from 156.1 billion ringgit in June. Export-oriented industries which constituted 72.3 percent of the total sales value, stayed robust with a 9.4 percent growth in July. Meanwhile, domestic-oriented industries strengthened at 8.4 percent. (1 ringgit equals 0.23 U.S. dollars) Source: The Namibia News Agency