Thursday, a report by Malaysia's Department of Statistics said the value of manufacturing sales dropped 26.1% year-on-year in February, at a slower pace compared to a revised 29.1% fall in January.

The statistical office said 77 industries out of a total of 116 industries contributed to the drop in sales value.

In February, the number of employees in the manufacturing sector declined 6.5% year-on-year to 960,652. Salaries and wages paid dropped 8.3% to MYR1,856.3 million. Productivity or average sales value per employee was down 20.9% to MYR34,305.

Month-on-month, the value of manufacturing sales fell 2.2% in February. At the same time, the number of employees dropped 2.7% and salaries and wages paid declined 2.6%. However, productivity rose 1.5%.

In the January-February period, the value of manufacturing sales dropped 27.6% to MYR66.6 billion.

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