Malaysia raised a total of RM98.9bil in wholesale and retail trade in July, recorded a 5.7% increase compared to the same month last year.

The Malaysian Statistics Department noted that the retail trade sub-sector lead the race, recorded a 7.1% increase, followed by wholesale trade (6.6%). There is growth also recorded in manufacturing sales of RM74.2bil in value, increased by 6% in July. The manufacturing sector output rose by 4% in July, after recording a 3.8% growth in the preceding month.

Chief Statistician Datuk Seri Dr. Mohd Uzir Mahidin said the volume index of wholesale and retail rose by 6.3% to 132.9 points, as against the same month last year.
“The retail trade attributed to the increase (8.4%),” he said.

The non-metallic mineral products, basic metal, and fabricated metal products (7.4%), followed by petroleum, chemical, rubber, and plastic products (5.9%), as well as the electrical and electronic products (5.8%) are the main reason for the year-on-year growth registered in sales value in July 2019.

The manufacturing sector also saw a rise in the number of employees in the manufacturing sector by 1.3% in July, bringing the total number of workforce in the sector to 1.088 million.
“Salaries and wages paid for employees in this sector also increased by 3.4% in July, amounting to RM4bil.

“The sales value per employee grew by 4.7% (RM68,193) as compared to the same month last year,” he said.
If compared to the same month of last year, the Industrial Production Index also increased by 1.2% in July. However, the mining sector index registered a decline of 8.4% in July.

Dr.Mohd Uzir attributed the decline in the mining sector to decrease in the crude oil and condensate index (-22.7%) whereas the natural gas index increased by 7.3%.

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