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Malaysian Manufacturing Sales Drop Eases In August

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Monday, the Department of Statistics Malaysia announced that sales value in manufacturing slipped 20.1% year-on-year in August, after a revised 23.2% fall in the previous month.

Month-on-month, manufacturing sales slipped 0.6%, and was down 24.7% in the first eigth months of the year from last year.

Number of employees in the manufacturing sector rose 0.1% on a monthly basis in August, but fell 6.7% compared to the previous year. Salaries and wages increased 1.5% from July and was up 0.1% from last year. Productivity of labor fell 0.7% month-on-month and was down 14.4% from the previous year.

(Market News Provided by RTTNews)

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