Manufacturing sales value drop 3.3% to RM152.3bil in August

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Manufacturing sales value drop 3.3% to RM152.3bil in August
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This is mainly attributed to petroleum chemical, rubber and plastic sub-sectors which shrank 12.1%.

Chief statistician Uzir Mahidin said export-oriented industries, which sales value accounted for 72.7% of total sales, fell 6.7% in August 2023.

On a monthly basis, he said the sales value in the month rebounded to 5.8% versus a 2.4% contraction in July 2023. For the first eight months of 2023, Uzir said the sales value of the manufacturing sector stood at RM1.2 trillion, up 1.7% as compared to the same period in the preceding year.

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