KUALA LUMPUR – Malaysia’s real gross domestic product (GDP) is anticipated to grow by 5.1% year-on-year in 2022, the Statistics Department (DoSM) said.
In its latest Malaysian Economic Statistics Review, DoSM said the July 2022 leading index (LI) showed optimistic economic performance in the coming months.
“The LI sustained its positive annual growth at 4.1% in July 2022, albeit lower than the 5.3% recorded in June 2022,” it said.
As for the external sector, DoSM said August 2022 exports surged 48.2% to RM141.3 billion, while imports soared 67.6% to RM124.4 billion.
The number of employed people grew 4.5% to 15.98 million in July 2022, while the unemployment rate stood at 3.7%.
July 2022 industrial production index was up 12.5% year-on-year, with sales volume from the manufacturing sector at RM148.4 billion, a 23.8% jump versus a year ago.
Wholesale and retail trade sector sales saw a strong 41% rise year-on-year to RM130.7 billion in July 2022.
Meanwhile, in commodities, the production of fresh fruit bunches increased 3.8% to 8.87 million tonnes in August 2022, while natural rubber production declined by 21.8% to 38,006 tonnes in July 2022.
The consumer price index and producer price index for August 2022 recorded a rise of 4.7% and 6.8%, respectively, against the same month a year ago. – Bernama, September 30, 2022
