THE manufacturing sector is the second largest contributor to the country’s gross domestic product. It also saw the highest wage growth, at 10.8%, and came in second in terms of labour productivity at RM110,858, behind mining, which grossed RM1.21 million. Within the manufacturing sector, electronic components and communication equipment were the most productive and value-adding subsectors, according to Malaysia Productivity Corporation. MoF’s data also shows that the E&E sector makes the highest contribution to real GDP for every percentage improvement in productivity. It is also worth noting that a 1% increase in productivity in the E&E sector will result in a 0.03ppt increase in household disposable income.
Source: The Edge Markets October 21, 2019 08:15 UTC