Malaysia Feb factory sales up 10.9% on chemicals, oil products

11 April 2011 08:06  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s manufacturing sales rose by 10.9% year on year to Malaysian ringgit (M$) 44.6bn ($14.8bn) in February this year, with revenue from basic industrial chemicals and refined petroleum products posting strong double-digit growth, official statistics showed on Monday.

Sales of refined petroleum products rose by 47.5% year on year to M$9.88bn in February, while revenue from basic industrial chemicals – excluding fertilizers and nitrogen compounds – increased by 27.3% to M$2.8bn, the Department of Statistics Malaysia said in a monthly report.

Meanwhile, sales of plastics in primary forms and sales of synthetic rubber rose by 51.9% to M$1.25bn, the report said.

Malaysia’s total exports grew by 10.7% year on year to M$51.8bn in February 2011, buoyed by sales to Japan, India, South Korea and China, the country’s statistics department said in an earlier report.

The growth in exports for February was spurred mainly by higher shipments of electrical and electronic products as well as natural and manufactured gas, according to the report.

Meanwhile, the country’s overall manufacturing output rose by 7.9% year on year in February 2011, the statistics department said in a separate report on Monday.

The increase in manufacturing output in February was buoyed by a 17.1% year-on-year rise in the petroleum, chemical, rubber and plastic products segment, the report added.

($1 = M$3.02)

By: Nurluqman Suratman

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