Gross output value of manufacturing sector rises to RM1.14 trillion

KUALA LUMPUR: The gross output value of the manufacturing sector rose to RM1.14 trillion in 2015 compared to RM836.5 billion in 2010, with 6.4 per cent compound annual growth rate (CAGR) value per annum, said Department of Statistics Malaysia (DoS).

In a statement yesterday, DoS said, the gross output value registered was the first achievement throughout the Economic Census.

It said the electrical, electronic and optical products sub-sector was the largest contributor with RM322 billion (28.2 per cent).

Petroleum, chemical, rubber and plastic products was second largest contributing sub-sector with RM299.1 billion (26.2 per cent) followed by vegetable and animal oils and fats and food processing sub-sector recording RM199.8 billion (17.5 per cent) , it said. The DoS said in line with the rapid growth in gross output, the value of intermediate input also increased by RM219 billion to record RM884.8 billion or CAGR of 5.9 per cent.

“This resulted in an added value of RM257.1 billion for 2015. During this period, the number of establishments recorded an increase of 9,432 or CAGR of 4.4 per cent and the number of employees in this sector reported a 3.2 per cent increase in CAGR with 2,119,158 persons as compared to 1,812,360 persons in 2010,” it said.

Meanwhile, DoS said, the salaries and wages paid in 2015 amounted to RM65.5 billion compared to RM43.7 billion in 2010.

It said in 2015, 9,546 womenowned establishments in the manufacturing sector accounted for 19.4 per cent of the total establishments in the sector.