Stats Dept: Malaysia's manufacturing industry capacity utilisation up 81pc in first quarter of 2024

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Malaysia Manufacturing Sector News

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KUALA LUMPUR, May 21 ― The manufacturing industry operated at 80.8 per cent capacity in the first quarter of 2024 (1Q 2024), up from 79.8 per cent a year ago, according to the...

Fahmi: Cancellation of Singapore comedian Sharul Channa's permit took into account police reports on video related to 3R issuesChief statistician Datuk Seri Mohd Uzir Mahidin said the higher capacity rate led to a 2.1 per cent year-on-year increase in the Industrial Production Index for the manufacturing industry during the quarter. — Picture by Sayuti ZainudinKUALA LUMPUR, May 21 ― The manufacturing industry operated at 80.8 per cent capacity in the first quarter of 2024 , up from 79.

“The increased capacity utilisation rate in 1Q 2024 was driven by performance in January and March , both exceeding the 80 per cent mark, while February 2024 stood at 79.8 per cent,” he said in a statement.Factors such as low demand, inadequate supply of materials, and ongoing machinery and equipment repairs or maintenance continued to hamper full utilisation of capacity in the manufacturing sector.

Meanwhile, domestic-oriented industries expanded significantly to a capacity utilisation rate of 83.7 per cent in 1Q 2024, up by 2.8 percentage points compared to the same quarter the previous year.Four states demonstrated capacity utilisation rates surpassing the national rate in 1Q 2024: Wilayah Persekutuan Labuan , Negeri Sembilan , Selangor and Johor .

 

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