Sectoral Perfromance - 2021

MALAYSIA
VOL. 5 / 2021
JABATAN PERANGKAAN MALAYSIA

DEPARTMENT OF STATISTICS, MALAYSIA
MALAYSIA
VOL. 5 / 2021
Announcement:
Please be informed that The Malaysia Population and Housing Census 2020
(Malaysia Census 2020) via online (e-Census) is being conducted nationwide until
30th June 2021. All Malaysian residents are urged to cooperate in realising the
success of Malaysia Census 2020 to ensure that no one is left behind as
your data is our future.
Please be informed that the Government of Malaysia has declared

National Statistics Day (MyStats Day) on October 20 each year.
MyStats Day theme is
“Connecting the world with data we can trust”
JABATAN PERANGKAAN MALAYSIA

DEPARTMENT OF STATISTICS, MALAYSIA
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MALAYSIA
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eISSN 2716-6813
TABLE OF CONTENTS
NOTES FROM CHIEF STATISTICIAN 02
MOVEMENT CONTROL ORDER 04
KEY REVIEW 07
OVERVIEW 09
BOX ARTICLE 12
AGRICULTURE 18
INDUSTRY AND MANUFACTURING 22
SERVICES 25
EXTERNAL SECTOR 28
LABOUR SCENARIO 34
PRICES 39
WAY FORWARD 43
ECONOMIC INDICATORS 45
MESR MEMBERS 60
ACKNOWLEDGEMENT 61
NOTES FROM CHIEF STATISTICIAN
The release of Malaysian Economic Statistics Review (MESR) in May 2021 is the thirteen release and the fifth
MESR for the year 2021. It is indeed a great honour and joy for me on behalf of the Department of Statistics
Malaysia (DOSM) to welcome readers to our latest publication. MESR aims to keep readers updated with
the most recent economic indicators and analytical review of short-term statistics released by the DOSM.
The MESR Volume 5/2021 contains the economic scenario for March and the first quarter of 2021 with some
thoughts on forthcoming statistics for April 2021. Besides, this publication includes an article namely “Digital
Gap Among Students in Malaysia”. This article identified ownership of digital tools among students in Malaysia
in relation to educational purposes.
Ever since COVID-19 made its mark in China during end of 2019, the pandemic continues to spread around
the world, with more than 160 million confirmed cases and three million deaths across nearly 200 countries.
Malaysia is no exception as the country continues to combat the fast-spreading pandemic which had come to a
new high of more than 7,000 cases since 25th May 2021. In fighting these rising numbers, the government has
implemented Movement Control Order (MCO) 3.0 nationwide effective from 12th May to 7th June 2021. A more
stringent Standard Operating Procedures (SOP) has been introduced with effect from 25th May 2021 in an effort
to ensure the efficiency of the country’s public health system to manage the incoming cases.
With the global health crisis still underway, most countries indicated better economic performance in the first
quarter of 2021 as against the previous year. The United States economy rebounded to a positive growth of
0.4 per cent after recording negative growth for three consecutive quarters. Meanwhile, the economy of the
European Union (EU) improved with a slower contraction of 1.7 per cent compared to the previous quarter.
Most states in the East Asian region namely China, Taiwan and South Korea posted positive economic growths
during this quarter, registering better growth as against the preceding quarter. As for selected ASEAN countries,
Singapore’s economy posted an increase of 1.3 per cent, while Indonesia and the Philippines recorded smaller
decrease of 0.7 per cent and 4.2 per cent respectively.
Malaysia’s Gross Domestic Products (GDP) declined marginally by 0.5 per cent in the first quarter of 2021,
continued its recovery from a contraction of 3.4 per cent in the preceding quarter. The improvement was
supported by the expansion in Manufacturing sector and the rebound of Agriculture sector. In addition, all
economic sectors recorded better performance as compared to the last two quarters. Malaysia’s economy in
this quarter gradually recovered as more economic activities were allowed to operate following the MCO 2.0
which was less stringent than the MCO 1.0 imposed in March 2020. Various stimulus packages introduced also
steered the economic recovery and cushioned the potential economic losses of this country. The performance
of several indicators of the Malaysian economy in the first quarter of 2021, precisely in March 2021 were the
encouraging factors which supported the overall economic performance in Malaysia during the first quarter of
2021.
Accordingly, Malaysia’s current account continued to record a surplus, supported by the net exports of goods.
Whereas, Financial account turned around due to net inflow in Other investment. The Industrial Production Index
(IPI) increased, supported by strong growth of the Manufacturing index. Meanwhile, Malaysia’s trade continued
to rise with total trade recording a double-digit increase. In line with this, Malaysia’s trade balance remained
surplus. In the meantime, the Consumer Price Index (CPI) posted an increase, contributed by the index of Food
& Non-Alcoholic Beverages and Miscellaneous Goods & Services. In the meantime, the Producer Price Index
(PPI) local production also edged up due to the higher indices of Agriculture, forestry & fishing, Manufacturing
and Water supply. However, the performance of the Services sector which is the largest contributor to the
national economy remained affected with the revenue and volume index declined, albeit at a slower pace than
the previous quarter.
Amidst targeted measures to manage the COVID-19 pandemic in the country, Malaysia’s Labour market
experienced uneven recovery momentum in the first quarter of 2021 where employed persons declined
marginally to 15.24 million persons. Meanwhile, the unemployment rate remained high at 4.8 per cent.
2 | MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

NOTES FROM CHIEF STATISTICIAN
The performance of Agriculture sector in April 2021 can be partially gauged by the production of fresh fruit
bunches which declined as against the same month of the previous year, hence resulting in the decline of the
average production of fresh fruit bunches per hectare; and subsequently the decrease in the production of
major palm oil products.
Based on the performance of several key economic indicators, the economy is expected to further improve in
the second quarter of 2021 especially on a low base as the economy contracted 17.1 per cent in the second
quarter of 2020. However, the economic recovery is also highly dependent on the extent to which we are able
to contain the infection of COVID-19 and the consequence of MCO 3.0 with tightened SOPs for the economic
sector and social aspects. Further to this, the Leading Index (LI) for March 2021 chalked up strong growth at
17.3 per cent, particularly due to the low base effect of March 2020 following a nationwide lockdown and the
better performance of LI components. Taken together the performance of LI and the current state of COVID-19
outbreak, it is seen that an encouraging economic prospect is expected but uncertainty is still around in the
upcoming months.
I firmly believe that the MESR will be useful to all segments of users including public and private sectors,
research houses, academicians and individuals. In this unprecedented situation, solid facts and figures are
crucial to move forward with sound policies and decision makings. With this, comments and suggestions
towards strengthening the future releases of this report are very much welcomed.
In the meantime, the Malaysia Population and Housing Census 2020 (Malaysia Census 2020) is being conducted
nationwide until 30th June 2021. All Malaysian residents are urged to cooperate in realising the success of
Malaysia Census 2020 to ensure that no one is left behind as your data is our future. Please visit the Malaysia
Census 2020 portal at www.mycensus.gov.my or social media @MyCensus2020 for more info.
Thank you.
DATO’ SRI DR. MOHD UZIR MAHIDIN
May 2021
MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 3

4
CHRONOLOGY OF MCO 2020
MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Conditional
Movement Control Order MCO Recovery MCO Recovery MCO
(MCO) (CMCO) (RMCO) (RMCO)
On 28 August 2020,
Government has announced Phase 8
Phase 5 Phase 6 Phase 7 Recovery MCO to be
4 May - 9 June 31 Dec 2020
10 June - 31 August 1 Sep - 31 Dec continued until -
31 December 2020. 31 March 2021
Phase 1 Government has
18 - 31 March CMCO announcement by Senior
implemented Recovery Announcement by
Minister of Defense.
MCO on 7 June 2020 Senior Minister
The Prime Minister On 1 May 2020, where interstate travel 12 Oct 2020 (Security Cluster)
has announced first Government and commercial
MCO on 16 March announced On 31 December 2020,
activities were allowed 13 until 26 Oct.: Sabah
2020. Conditional MCO Government has
on 10 June 2020 except 14 until 27 Oct.: Selangor, Kuala Lumpur
where all economic announced Recovery
for the remaining areas & Putrajaya
sector and business MCO to be continued until
in the Enhanced MCO.
activity operation 31 March 2021.
were allowed on 4 24 Oct. 2020: Extension CMCO for Sabah until 9 Nov. 2020
Phase 2 May 2020. 26 Oct. 2020: Extension CMCO for Selangor, Kuala Lumpur
1 - 14 April Phase 4 & Putrajaya until 9 Nov. 2020
29 April -
Phase 3 12 May
15 - 28 April 7 Nov 2020
9 Nov. until 6 Dec.:
All states in Peninsular Malaysia except
MCO Phase 2
Perlis, Pahang and Kelantan
On 25 March 2020, the
On 23 April 2020,
MCO was extended for
Government 5 Dec. 2020 : Extension CMCO for Sabah from 7 Dec. until 20 Dec. 2020
another 2 weeks until
continued MCO 18 Dec. 2020 : Extension CMCO for Selangor, Kuala Lumpur & Sabah
14 April 2020.
for another 2 including certain localities in other states until 31 Dec. 2020
MCO Phase 3 weeks until 12 28 Dec. 2020 : Extension CMCO for Selangor, Kuala Lumpur & Sabah
Government has May 2020.
| MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

including certain localities in other states until 14 Jan. 2021
extended MCO for
MOVEMENT CONTROL ORDER
another 2 weeks until 28

*Note: Italic indicates the extension from the main announcement
April 2020.
JAN FEB MAR
MCO/ CMCO/ RMCO
On 2 February 2021 On 2 March 2021 On 30 March 2021
CMCO announcement by Senior Minister RMCO 1-14 April 2021

A National State of (Security Cluster) announcement RMCO 5 - 18 March 2021 Perlis, Kedah (except Kuala Muda district),
Senior Minister
Emergency was Perlis, Melaka, Pahang, Terengganu, Perak, Pahang, Terengganu, WP Putrajaya,
(Security Cluster)
announced by Sabah (except Nabawan district), Negeri Sembilan (except Daerah Seremban),
MCO 5 - 18 February 2021 WP Putrajaya, WP Labuan and Kedah
YDPA Agong on Klang Valley, Pulau Pinang, Melaka, Sabah and WP Labuan.
1 - 14 January (Langkawi district).
12 January 2021. Melaka, Johor, Sabah, WP
Kuala Lumpur, The state CMCO 1 - 14 April 2021
Labuan, Kelantan, Pahang, CMCO 5 - 18 March 2021 Kedah (Daerah Kuala Muda),
Selangor and Sabah emergency will last Perak, Negeri Sembilan, Kedah, Kedah (except Langkawi district),
untill 1 August Pulau Pinang, Kelantan, Selangor,
Terengganu and Perlis. Kelantan, Pulau Pinang, WP Kuala Lumpur, Negeri Sembilan
MCO 2.0 2021 and may be Perak, Selangor, WP Kuala Lumpur,
Prime Minister (Daerah Seremban) and Johor.
terminated earlier CMCO 1 - 14 February 2021 Negeri Sembilan and Johor.
announcement
depending on the - Sarawak
On 11 January 2021 COVID-19 On 30 March 2021
On 12 March 2021
situation.
13 Jan - 4 Feb On 13 February 2021 CMCO 16 - 29 March 2021 CMCO 30 March- 12 April 2021
State Disaster Management
Klang Valley, Pulau Pinang, Melaka Committee (SDMC) On 16 March 21

Johor, Sabah and WP Labuan
MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 |

RMCO 19 - 31 March 2021
CMCO 15 February Perlis, Kedah (except Kuala Kedah and
On 15 January 2021
- 1 March 2021 Kulim district), Perak, Pahang,
16 Jan - 4 Feb Terengganu, WP Putrajaya, Negeri
Kelantan On 16 February 2021 Sembilan (except Seremban district),
MCO 19 February - 4 March 2021 Melaka, Sabah (except Nabawan
Senior Minister (Security Cluster)
Selangor, WP Kuala Lumpur, district) and WP Labuan.
announcement
On 19 January 2021 Johor and Pulau Pinang.
CMCO 19 - 31 March 2021
CMCO 19 February - 4 March 2021 Kedah (Kuala Kedah and Kulim
22 Jan - 4 Feb Melaka, Sabah, WP Labuan, district), Pulau Pinang, Kelantan,
Pahang, Perak, Negeri Sembilan WP Putrajaya, Kelantan, Pahang, Selangor, WP Kuala Lumpur, Negeri
Kedah, Terengganu and Perlis Perak, Negeri Sembilan, Kedah Sembilan (Seremban district) and Johor.
and Terengganu.
MCO 16 - 31 March 2021
RMCO 19 February - 4 Mac 2021 Sabah (Nabawan district).
Sarawak Perlis.
CMCO 13 - 27 January 2021.
5
6
APR MAY JUNE
MCO/ CMCO/ RMCO
On 12 April 2021 On 27 April 2021 On 4 May 2021 On 22 May 2021

Senior Minister RMCO: 29 April - 17 May 2021 Additional restrictions to tighten the standard operating
(Security Cluster) announcement CMCO: 6 - 17 May 2021
Perlis, Kedah (except Kuala Sabak Bernam, Hulu Selangor procedures (SOP) of the Movement Control Order (MCO) 3.0
Muda district), Perak, Pahang, and Kuala Selangor district. which came into effect on 25 May 2021.
RMCO 15 - 28 April 2021 Terengganu, WP Putrajaya,
Perlis, Kedah (except Kuala Muda district), Negeri Sembilan (except Business Operating Hours
Perak, Pahang, Terengganu, WP Putrajaya, Seremban district), Melaka and MCO: 6 - 17 May 2021 Shopping malls, convenience stores,
Negeri Sembilan (except Seremban district), WP Labuan. Hulu Langat, Petaling, Gombak, stalls, laundries and petrol stations
Melaka, Sabah (except Lahad Datu, Tawau Klang, Kuala Langat, Sepang (except on highways) are limited from
and Keningau district) and WP Labuan. CMCO: 29 April - 17 May 2021 district. 8.00 am to 8.00 pm only.
Kedah (Kuala Muda district, Public transport
CMCO: 15 - 28 April 2021 Pulau Pinang, Negeri Sembilan On 5 May 2021 LRT and buses are limited to only 50%
Kedah (Kuala Muda district), Pulau Pinang, (Seremban district), Johor and of passenger capacity with reduced
Kelantan (Gua Musang district), Selangor, Sabah. MCO: 7 - 20 May 2021
frequency.
WP Kuala Lumpur, Negeri Sembilan - WP Kuala Lumpur
CMCO: 29 April - 5 May 2021
(Seremban district) and Johor. The attendance capacity of
- Selangor
employees for the civil service
MCO 15 - 28 April 2021 CMCO: 29 April - 6 May 2021 On 26 April 2021 Limited to 20% of the total (not
Sabah (Lahad Datu, Tawau and Keningau - WP Kuala Lumpur State Disaster Management including front liners services) and 80%
district) Committee (SDMC) Work From Home (WFH) based Circular
MCO: 29 April - 17 May 2021 or Instruction of the Public Service
On 13 April 2021 - Kelantan Department (JPA).
CMCO 27 – 17 May 2021
Employee attendance capacity for the
MCO 16 - 29 April 2021
private sector
Kelantan (Jajahan Kota Bharu, Pasir Mas,
On 10 May 2021 Including operations and management
Pasir Puteh, Bachok, Machang, Tumpat
only limited to only 60% at a time.
and Tanah Merah). Prime Minister
announcement
On 11 April 2021
MCO 3.0 : 12 May - 7 June 2021
State Disaster Management
- All States
Committee (SDMC)
CMCO 13 - 26 April 2021
| MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

KEY REVIEW
• In the first quarter of 2021, Malaysia’s economy declined marginally to 0.5 per cent from a decrease of
3.4 per cent in the fourth quarter of 2020. All economic sectors recorded better performance as compared
to the last two quarters. On the GDP by production approach, the performance was supported by the
expansion in the Manufacturing sector and the rebound of the Agriculture sector.
• The performance of natural rubber production in the first quarter of this year showed a decrease of
7.5 per cent to 131,643 tonnes as compared to 142,322 tonnes in the preceding quarter. Meanwhile, in
comparison with the same quarter of the previous year, the production also declined by 12.6 per cent
(Q1 2020: 150,659 tonnes). The production of oil palm fresh fruit bunches in April 2021 recorded
7,766,202 tonnes compared to March 2021 (7,325,670 tonnes), an increase of 6.01 per cent. Meanwhile,
a year-on-year comparison showed a decrease of 7.6 per cent as against April 2020 (8,405,071 tonnes).
• Malaysia’s IPI in the first quarter of 2021 increased 3.9 per cent as compared to the same period of the
previous year. The growth was due to the expansion of 6.8 per cent in the Manufacturing index. Meanwhile,
the Mining and Electricity sector recorded a deterioration of 4.1 per cent and 0.1 per cent respectively. In
March 2021, IPI surged 9.3 per cent as compared to the same month of the previous year, which was the
highest growth since July 2013. The growth of IPI in March 2021 was driven by the Manufacturing and
Electricity index which increased 12.7 per cent and 10.3 per cent respectively. Meanwhile, the Mining index
dropped 1.9 per cent.
• In the first quarter of 2021, the Manufacturing sector's sales value registered an increase of 8.5 per cent
(Q4 2020: 3.0%) to RM368.2 billion as compared to the same quarter of 2020. During the same period,
exports of manufactured goods rose by 21.9 per cent to RM245.9 billion compared to the same month in
2020, on account of higher exports of E&E products, rubber products, manufactures of metal, chemicals
and chemical products, machinery, equipment and parts as well as optical and scientific equipment.
• Revenue of the Services sector in the first quarter decreased by RM9.3 billion to RM428.5 billion with a
negative growth of 2.1 per cent as compared to the same quarter last year. The Services Volume Index also
recorded a fall of 3.6 per cent to reach 123.4 points from 127.9 points in the first quarter of 2020.
• The CPI increased 0.5 per cent to 122.5 in this quarter as compared to 121.9 in the first quarter of the
previous year. The increase was contributed by the index of Food & Non-Alcoholic Beverages (1.5%) and
Miscellaneous Goods & Services (1.5%). The CPI in March 2021 increased to 122.9 as against 120.9 in the
corresponding month of the preceding year. The Inflation recorded an increase of more than 1.0 per cent for
the first time after experiencing negative inflation for 11 months from March 2020 to January 2021.
• The PPI local production for the first quarter of 2021 rose 3.0 per cent to 108.5 from 105.3 in the same
quarter of the previous year. The growth was due to the higher indices of Agriculture, forestry & fishing
(32.6%), Manufacturing (1.6%) and Water supply (0.4%). Meanwhile, the Mining and Electricity & gas
supply indices both recorded a decline of 7.3 per cent and 1.7 per cent respectively.
• Malaysia’s current account balance (CAB) has sustained the continuous surplus and recorded
RM12.3 billion in the current quarter as against RM18.6 billion in the first quarter of 2020, contributed by the
positive momentum of the net exports of Goods.
• In the first quarter of 2021, Foreign Direct Investment (FDI) recorded a higher inflow of RM9.1 billion from
RM6.8 billion in the preceding quarter owing to higher inflow in equity and reinvestment of earnings and
lower inflow in debt instruments. Concurrently, Direct Investment Abroad (DIA) by Malaysian companies
has also increased, gaining from the reopening of the global economy which posted RM7.8 billion in the first
quarter of 2021 from RM5.2 billion in the preceding quarter due to the high investment in equity abroad and
retained earnings in this quarter.

KEY REVIEW
• Malaysia’s trade in this quarter continued to increase with total trade recording a double-digit increase
of 14.8 per cent year-on-year as against a marginal rise of 0.7 per cent in the previous quarter. Exports
maintained an upward trend with a significant increase of 18.2 per cent, while imports rebounded to
10.8 per cent from a decline of 4.5 per cent in the last quarter. Malaysia’s trade balance remained surplus
at RM58.6 billion, up 58.6 per cent from the same quarter last year.
• In the first quarter of 2021, the number of employed persons decreased slightly year-on-year by 7 thousand
(0.04%) to 15.24 million persons. Consequently, the ability of the country to create employment as
represented by the employment-to-population ratio dropped 1.1 percentage points from the same quarter
of the preceding year to 65.3 per cent. The unemployment rate remained the same as the previous quarter
at 4.8 per cent. However, on a yearly basis, the unemployment rate continued to increase significantly by
1.3 percentage points in Q1 2021 as compared to Q1 2020 (3.5%).
• Malaysia’s economy is expected to grow stronger in the second quarter of 2021 especially on a low base as
the economy contracted 17.1 per cent in the second quarter of 2020. Further to this, the Leading Index (LI)
for March 2021 chalked up strong growth at 17.3 per cent, particularly due to the low base effect of March
2020 following a nationwide lockdown and the better performance of LI components.

OVERVIEW
World Economy
The economic performance for most countries around the world improved in the first quarter of 2021 compared
to the previous quarter (Table 1). The United States economy rebounded to positive growth of 0.4 per cent
(Q4 2020: -2.4%) after recorded negative growth for three consecutive quarters. The latest Gross Domestic
Product (GDP) estimates of European Union (EU) indicates the economy decreased 1.7 per cent
(Q4 2020: -4.6%), an improved negative from the previous quarter. In addition, United Kingdom (UK) economy
in first quarter of 2021 declined 6.1 per cent as against negative 7.3 per cent in the fourth quarter of 2020.
In the meantime, most countries in East Asia region namely China, Taiwan and South Korea posted a positive
growth in the first quarter of 2021. China’s economic continued to expand by recording a double-digit growth of
18.3 per cent (Q4 2020: 6.5%) while Taiwan registered an expansion of 8.2 per cent (Q4 2020: 5.1%). As for
South Korea, the economy turned around to 1.8 per cent as compared to negative 1.2 per cent in the previous
quarter.
Countries in the Southeast Asian region have also recorded better growth compared to the previous quarters.
Singapore’s economy grew 1.3 per cent during the quarter, while Indonesia and the Philippines recorded
improve negative growth of 0.7 per cent and 4.2 per cent respectively.
Table 1: GDP Growth Rate for Selected Countries, Year-on-year (%)
Table 1: GDP Growth Rate for Selected Countries (Year-on-Year), 2019 - 2020 and Q1 2020 - Q1 2021 (%)
2020 2021
Country 2019 2020
Q1 Q2 Q3 Q4 Q1
Malaysia 4.4 -5.6 0.7 -17.2 -2.7 -3.4 -0.5
United States 2.2 -3.5 0.3 -9.0 -2.8 -2.4 0.4 (2nd Est: 27 May)
European Union 1.6 -6.1 -2.7 -13.8 -4.0 -4.6 -1.7
United Kingdom 1.4 -9.8 -2.2 -21.4 -8.5 -7.3 -6.1
China 6.0 2.3 -6.8 3.2 4.9 6.5 18.3
South Korea 2.0 -1.0 1.4 -2.7 -1.1 -1.2 1.8
Taiwan 3.0 3.1 2.5 0.4 4.3 5.1 8.2
Indonesia 5.0 -2.1 3.0 -5.3 -3.5 -2.2 -0.7
Philippines 6.0 -9.6 -0.7 -16.9 -11.4 -8.3 -4.2
Singapore 1.3 -5.4 0.0 -13.3 -5.8 -2.4 1.3
Source: Various NSOs of selected countries
Malaysia’s Economy in First Quarter of 2021

Malaysia’s economy in this quarter gradually recovered as more economic activities were allowed to operate
following the Movement Control Order (MCO) 2.0 compared to a stringent implementation of MCO that was
imposed in the preceding year and also benefitted from various stimulus packages to steer the economic
recovery. In the first quarter of 2021, Malaysia’s economy declined marginally to 0.5 per cent from a decreased
3.4 per cent in the fourth quarter of 2020. All economic sectors recorded better performance as compared to
the last two quarters. On the GDP by production approach, the performance was supported by the expansion
in Manufacturing and the rebound of Agriculture sectors as seen in Table 2.
Table 2: GDP Growth by Kind of Economic Activity, Year-on-year (%)
Table 2: GDP Growth by Kind of Economic Activity (Year-on-Year), 2019 - 2020 and Q1 2020 - Q1 2021 (%)
2020 2021
Kind of Economic Activity 2019 2020
Q1 Q2 Q3 Q4 Q1
GDP 4.4 -5.6 0.7 -17.2 -2.7 -3.4 -0.5
Manufacturing 3.8 -2.6 1.4 -18.3 3.3 3.0 6.6
Services 6.2 -5.5 3.1 -16.2 -4.0 -4.8 -2.3
Agriculture 2.0 -2.2 -8.6 0.9 -0.3 -1.0 0.4
Mining & Quarrying -0.6 -10.6 -2.9 -20.8 -7.8 -10.4 -5.0
Construction 0.4 -19.4 -7.9 -44.5 -12.4 -13.9 -10.4
Source: Department of Statistics, Malaysia

OVERVIEW
The Manufacturing sector grew stronger 6.6 per cent in the first quarter 2021 compared to 3.0 per cent in the
fourth quarter of 2020 driven by the robust growth of Electrical, electronics & optical products due to the higher
demand of microchips in electronic devices. Furthermore, Transport equipment, other manufacturing & repair
expanded further to 8.1 per cent as against 6.9 per cent in the preceding quarter. The positive growth was
contributed by the export-oriented industries which grew by 7.2 per cent (Q4 2020: 3.4%) coupled with better
performance of the domestic-oriented industries increased by 5.3 per cent (Q4 2020: 2.4%) for the quarter.
Services sector which was a major contributor to the Malaysia’s GDP, improved in this quarter by decreased
2.3 per cent from a decline of 4.8 per cent in the previous quarter. The slower decrease was due to the
improvement in Private services and further expansion in Government services. Private services improved in
this quarter in line with the rebound in the Wholesale and retail trade sub-sector which recovered modestly at
1.2 per cent (Q4 2020: -1.4%). Nonetheless, Private services remained in negative growth partly due to the
Food & beverages and accommodations sub-sector which fell 29.8 per cent (Q4 2020: -35.3%). The slightly
improvement of Food & beverages and accommodations sub-sector was due to the easing of MCO 2.0 whereby
restaurants’ operating hours have been extended and dining-in was allowed as well as interstates travel was
permitted for states under the RMCO to encourage domestic tourism activities. Moreover, Transportation and
storage sub-sector decreased 16.2 per cent (Q4 2020: -23.0%), influenced by the decline in all segments (land,
water, air and warehousing & storage) except for Postal & courier.
Agriculture sector grew marginally to 0.4 per cent, a turnaround from a decrease of 1.0 per cent in the fourth
quarter of 2020. The growth was supported by a better performance in Other agriculture consist of Paddy,
Fruits and Crops, grew at 5.7 per cent (Q4 2020: 3.6%) and Livestock which increased to 3.5 per cent
(Q4 2020: 2.9%).
Mining and quarrying sector improved to a negative 5.0 per cent as compared to a double-digit negative
10.4 per cent in the fourth quarter of 2020. The performance of this sector was largely supported by
the rebounded in Natural gas at 0.3 per cent (Q4 2020: -9.9%) and Crude oil & condensate at negative
11.5 per cent (Q4 2020: -12.9%). Construction sector decreased by 10.4 per cent (Q4 2020: 13.9%), attributed
to a slower decreased in Residential buildings, Non-residential buildings and Civil engineering. On the contrary,
Specialised construction activities expanded to 16.9 per cent (Q4 2020: 9.4%).
In terms of GDP by Expenditure approach, the improve performance in first quarter 0f 2021 was supported
by the recovery in exports of goods and services as well as a smaller decline in Private final consumption
expenditure (PFCE) and Gross fixed capital formation (GFCF) as depicted in Table 3.
Table 3: GDP Growth by Type of Expenditure, Year-on-year (%)
Table 3: GDP Growth by Type of Expenditure (Year-on-Year), 2019 - 2020 and Q1 2020 - Q1 2021 (%)
2020 2021
Type of Expenditure 2019 2020
Q1 Q2 Q3 Q4 Q1
GDP 4.4 -5.6 0.7 -17.2 -2.7 -3.4 -0.5
Private final consumption expenditure 7.7 -4.3 6.7 -18.5 -2.1 -3.5 -1.5
Gross fixed capital formation -2.1 -14.5 -4.5 -29.0 -11.4 -11.8 -3.3
Government final consumption expenditure 1.8 3.9 4.9 2.2 6.8 2.4 5.9
Exports -1.0 -8.9 -7.2 -21.7 -4.9 -2.1 11.9
Imports -2.4 -8.4 -2.7 -19.7 -7.9 -3.3 13.0
Net exports 11.2 -13.0 -36.8 -37.9 19.2 10.0 0.8
In this quarter, all components of expenditure showed a sign of recovery. This was mainly led by Exports and
Imports which rebounded to a double-digit growth mainly supported by the expansion in exports of goods
while, exports of services continued to decline due to Travel, Construction and Other Business Services. The
continuous closure of border caused by the pandemic has impacted Travel, the major contributor of Services.
Private final consumption expenditure which contributed the most on the demand component, posted a smaller
decreased of 1.5 per cent (Q4 2020: -3.5%) influenced by the expenditure on essential items namely Food
& non-alcoholic beverages; Housing, water, electricity, gas and other fuels and Communication. In addition,
Restaurants & hotels; Recreation services & cultural; and Furnishing, household equipment and routine
household maintenance which were non-essential expenditure indicated a slower decline in this quarter. As the
battle of COVID-19 continues, the consumption on Health increased at a marginal growth.

OVERVIEW
Gross Fixed Capital Formation (GFCF) or investment on fixed assets registered a smaller contraction of
3.3 per cent in the first quarter of 2021. The recovery of GFCF indicated an improving trend, backed by a strong
growth in Machinery & equipment after recording a contraction for the past nine quarters. Structure and Other
assets registered negative growth of 10.4 per cent (Q4 2020: -13.2%) and 7.0 per cent (Q4 2020: -13.2%)
respectively in this quarter. Furthermore, the Government final consumption expenditure rose to 5.9 per cent
(Q4 2020: 2.4%) following of higher spending on supplies and services in this quarter.
Based on the performance of several key economic indicators, Malaysia’s economy is expected to grow stronger
in the second quarter of 2021 especially on a low base as the economy contracted 17.1 per cent in the second
quarter of 2020. However, the economic recovery is also highly dependent on the extent to control the spread
of the COVID-19 as the number of new cases is increasing following the new wave of infections. As a result, the
government has to reinstate the implementation of MCO 3.0 in May 2021. Nevertheless, MCO this year allows
more economic sectors to operate with strict Standard Operating Procedures (SOPs) compared to last year’s
MCO. Moreover, the National COVID-19 Immunization Programme (PICK) is expected to restore business
confidence and improve the country’s economic growth.
Chart 1: Annual Growth

Chart 1: Annual GrowthRate
Rate of of Leading
Leading Indexand
Index (Smoothed) (Smoothed) andShaded
Business Cycle (Grey Business Cycle
Areas), January 1991(Grey
to MarchShaded
2021 Areas),
January 1991 to March 2021
Per cent % Peak Trough Peak Trough Peak Trough Peak
12/97 11/98 2/01 2/02 1/08 3/09 2/20
15
10
-5
-10
91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21
Year
In March 2021, the Leading Index (LI) annual change chalked up strong growth at 17.3 per cent, particularly
due to the low base effect of March 2020 following a nationwide lockdown and the better performance of LI
components (Chart 1). On a monthly basis, the LI showed a similar trend by recording 1.8 per cent in March
2021 as against 1.1 per cent in the previous month. Taken together the performance of LI and the current state
of COVID-19 outbreak, it is seen that an encouraging economic prospect is expected in the upcoming months
but uncertainty is still around.

BOX ARTICLE
DIGITAL GAP AMONG STUDENTS IN MALAYSIA

Siti Asiah Ahmad1, Shahriman Haron2
1,2
Prices, Income and Expenditure Statistics Division, Department of Statistics, Malaysia
INTRODUCTION
The advancement in science and technology, especially in digital technology, has greatly improved peoples’
wellbeing worldwide. The ability to master a digital skill is a key asset that has helped the community and
businesses in becoming more resilient. Nevertheless, digital technology is inaccessible for some people due to
the inability to access or unavailability of facilities and services, leading to digital poverty.
In general, digital poverty is defined as the inability to use information technology (IT) due to lack of access to
technology or inadequacy to utilise the technology3. According to Dawood, Ghazali, and Samat (2019), a gap
in access to ICTs exists between the level of communication in urban and rural areas in Malaysia with poor
coverage of the Internet in several rural areas.
This article generally focuses on analysing the ownership of ICT equipment4 among households with members
aged between 5 to 17 years and 18 to 23 years in 2019, whom are students in their pre-primary, primary,
secondary and tertiary education. ICT equipment ownership by household refers to owning at least one of
these equipments; personal computers, laptops, tablets, and smartphones, which identifies the digital gap
among students in Malaysia. In addition, this article will also analysed the ownership of ICT equipment among
households with members aged between 5 to 17 years and 18 to 23 years in 2019, whom are students according
to their race, strata and state.
The limitation of the study is the ownership of ICT equipment by households, in general, does not represent the
actual ownership by age group among the member of the household.
HOUSEHOLDS OWNERSHIP OF ICT EQUIPMENT
In 2019, the size of households with members aged 5 to 17 was 46.2 per cent (3.36 million) from a total of
7.6 million households across Malaysia. Almost all households from this group owned smartphones (97.6%),
more than half owned laptops (58.5%), but smaller owned tablets (17.9%) and personal computer (13.6%).
Meanwhile, almost all households with members aged 18 to 23 (892 thousand households or 12.3 per cent from
the total households) owned smartphones (98.8%), laptops (92.2%), and one of five households owned tablets
(21.4%) and personal computers (20.5%) as shown in Exhibit 1a.
Chart 1: Percentage of Households by Ownership of ICT Equipment, 2019
Exhibit 1a: Percentage of Households Ownership of ICT Equipment, 2019
Personal
Smartphone Laptop Tablet
Computer
Households with
members aged 97.6% 58.5% 17.9% 13.6%
Between 5-17 years
Households with
members aged 98.8% 92.2% 21.4% 20.5%
between18–23 years
3 https://borgenprojek.org/digital-poverty/
4 Definition of computer is based on Manual for measuring ICT access and use by households and individuals, 2014 edition, page 49

The percentage of ICT equipment ownership by households with members aged between 5 to 17 years and
18 to 23 years st by strata are shown in Exhibit 1b. For households with members aged between 5 to 17
years, the percentage of ownership of smartphones was the highest in urban areas at 98.4 per cent, laptops
(66.7%), tablets (20.4%), and personal computers (15.6%). Meanwhile, households with members in the same
age category showed a lower percentage in rural areas. The rate of ownership of smartphones by households
in rural areas was 26.7 per cent, laptops (8.3%), tablets (2.5%), and personal computers (1.9%).
Chart 2: Household Ownership of ICT Equipment with Household Members Aged
Exhibit 1b: Ownershipbeof
tweICT
en 5 toEquipment
17 years and 18 toby
23 yeHousehold
ars by Strata, 2019with Members Aged
between 5 to 17 years and 18 to 23 years by Strata, 2019
Personal
Smartphone Laptop Tablet
Computer
Household Members Rural 26.7% 8.3% 2.5% 1.9%

5-17 years Urban 98.4% 66.7% 20.4% 15.6%
Household Members Rural 19.8% 10.7% 2.2% 2.2%

18-23 years
Urban 98.4% 99.9% 23.5% 22.5%
The ownership of ICT equipment among households with members aged between 18 to 23 years in urban areas
showed a higher percentage than household with members aged 5 to 17 years. Households with members aged
18 to 23 years recorded the highest rate on the ownership of laptops (99.9%), followed by smartphones with
98.9 per cent, tablets (23.5%), and personal computers (22.5%). The ownership of smartphones by households
in rural areas was 19.8 percent, laptops (10.7%), tablets (2.2%), and personal computers (2.2%).
The ownership of ICT equipment also showed a different percentage by race for both categories of households.
A comparison of the rate of ICT equipment ownership by race for these two age categories is shown
in Exhibit 1c.
hart 3: Household Ownership of ICT Equipment by Age of Household Members and Race, 2019
Exhibit 1c: Ownership of ICT Equipment by Age of Household Members and Race, 2019
a) Household Members, 5-17 years b) Household Members, 18-23 years
a) Household Members, 5-17 years b) Household Members, 18-23 years
98.7% 96.5% 98.8% 97.7% 99.4% 97.7%

97.4% 98.7%
89.2%
72.1%
58.1%
55.3%
34.0%
31.1% 29.3%
23.0%
19.5% 17.8% 19.2%
14.7% 17.5% 17.9%
11.5% 13.2%
Personal Personal
Computer Laptop Tablet Smartphone Computer Laptop Tablet Smartphone
Bumiputera Chinese Indian
For the category of households with members aged between 5 to 17 years, the percentage of Bumiputera who
owns personal computers was 11.5 per cent, laptops (55.3%), tablets (17.3%), and smartphones (97.4%).
Besides, 23 per cent of Chinese households owned personal computers, while 72.1 per cent owned laptops,
tablets (31.1%), and smartphones (98.7%). Meanwhile, for Indians, the ownership of personal computers was
13.2 per cent, laptops (58.1%), tablets (17.5%), and smartphones (96.5%).
The category of households with members aged between 18 to 23 years showed that the percentage
of Bumiputeras who owns personal computers was 17.9 per cent, laptops (89.2%), tablets (17.8%), and
smartphones (98.7%). On the other hand, the Chinese households recorded ownership of personal computers
(29.3%), laptops (98.8%), tablets (34%), and smartphones (99.4%). Meanwhile, ownership by Indians was
personal computers (19.5%), laptops (97.9%), tablets (19.2%), and smartphones (97.7%).

13
COMPARISON OF HOUSEHOLDS OWNERSHIP OF ICT EQUIPMENT BY STATE
Ownership of ICT equipment by households is an important factor in assessing the availability of households
in facing digitalisation, especially those related to education. The percentage of ICT equipment ownership by
state is shown in Table 1a.
Table 1: Percentage of Ownership of ICT Equipment by State, 2019
Table 1a: Percentage of Ownership of ICT Equipment by State, 2019
ICT Equipment Ownership (%)
Households with members aged between Households with members aged between
5 to 17 years 18 to 23 years
State
Personal Personal
Laptop Tablet Smartphone Laptop Tablet Smartphone
Computer Computer
Malaysia 13.6 58.5 17.9 97.6 20.5 92.2 21.4 98.8

Johor 14.7 58.5 18.8 98.7 25.6 91.6 23.4 99.2
Kedah 8.2 48.5 8.1 97.2 13.1 86.3 10.3 98.8
Kelantan 6.9 46.0 6.3 95.0 12.0 76.9 7.9 97.4
Melaka 17.1 66.1 14.0 98.1 23.0 98.1 12.3 97.5
Negeri Sembilan 12.6 54.4 12.4 96.4 18.0 91.3 14.9 98.5
Pahang 9.7 47.8 10.8 96.5 13.7 83.2 10.8 98.9
Pulau Pinang 14.1 64.7 21.4 99.0 16.7 98.5 21.7 99.5
Perak 11.2 54.6 12.2 95.7 17.2 91.5 14.2 97.1
Perlis 12.5 49.3 13.0 97.8 22.2 88.6 13.0 100.0
Selangor 19.5 68.9 24.2 99.1 26.1 99.0 27.0 99.4
Terengganu 6.4 56.6 17.3 98.3 10.3 87.8 18.3 99.0
Sabah 9.2 44.9 10.8 96.2 15.4 79.8 12.3 98.3
Sarawak 10.3 50.7 15.2 95.6 18.7 88.7 19.5 99.2
W.P. Kuala Lumpur 24.8 84.6 46.6 99.1 28.9 100.0 47.5 98.9
W.P. Labuan 6.9 57.1 19.2 97.7 17.7 100.0 19.7 98.0
W.P. Putrajaya 30.4 89.8 49.3 100.0 43.9 100.0 61.4 100.0
For the category of households with members aged between 5 to 17 years, the highest percentage of households
that owned personal computers was the highest in W.P. Putrajaya (30.4%), followed by W.P. Kuala Lumpur
(24.8%) and Selangor (19.5%). Meanwhile, the lowest percentage was Terengganu (6.4%), W.P. Labuan and
Kelantan, with each showed a percentage of 6.9 per cent, respectively.
Households with laptops also, was a higher percentage in W.P. Putrajaya (89.8%), followed by
W.P. Kuala Lumpur (84.6%) and Selangor (68.9%). Meanwhile, a lower percentage of ownership was observed
in Sabah (44.9%), Kelantan (46%), and Pahang (47.8%). Ownership of tablets showed a higher percentage
in W.P. Putrajaya (49.3%), W.P. Kuala Lumpur (46.6%), and Selangor (24.2%). On the other hand, a lower
percentage of ownership was posted in Kelantan (6.3%), Kedah (8.1%), while Pahang and Sabah with
10.8 per cent.
Overall, the percentage of households own smartphone was higher in all states, with percentage that exceeded
95 per cent. W.P. Putrajaya recorded the 100 per cent ownership, followed by W.P. Kuala Lumpur and Selangor
with 99.1 per cent, respectively. Among the lowest percentage recorded Perak (95.7%), Sarawak (95.6%) and
Kelantan (95.0%).
For the category of households with members aged between 18 to 23 years, the percentage of households own
personal computers was the highest in W.P. Putrajaya (43.9%) followed by W.P. Kuala Lumpur (28.9%) and
Selangor (26.1%). On the other hand, the lowest rate was Terengganu (10.3%), followed by Kelantan (12.0%)
and Kedah (13.1%).
Nine states depicted a percentage of laptop ownership over 90 per cent, with W.P. Putrajaya, W.P. Kuala
Lumpur, and W.P. Labuan recording 100 per cent of ownership. Meanwhile, the states recorded the percentage
of ownership below 80 per cent were Kelantan (76.9%) and Sabah (79.8%).
W.P. Putrajaya (61.4%), W.P. Kuala Lumpur (47.5%), and Selangor (27.0%) posted a higher percentage of
tablet ownership. A lower percentage of ownership was recorded in Kelantan (7.9%), Kedah (10.3%), and
Pahang (10.8%). In terms of ownership of smartphones, all states recorded more than 97 per cent, particularly
W.P. Putrajaya and Perlis which recorded 100 per cent.
CONCLUSION
The digital gap exists among Malaysian households with members aged 5 to 23 in urban and rural areas. In
2019, a significant gap can be observed through the ownership of ICT equipment, especially among tertiary
students, with almost all students owned laptops in urban areas. Still, only one out of ten students owned
laptops in rural areas, mainly in Sabah and Kelantan.

Overall, the highest rate of ICT equipment ownership among students were smartphones across race and
strata. However, having smartphones alone is insufficient for implementing the online teaching and learning
process. In addition, to fully benefit the process, laptops or personal computers are required. Therefore, a lower
rate of ownership of laptops or personal computers among students needs to be addressed. Furthermore,
relevant policies should be formulated to narrow the digital gap among students in ensuring no students left
behind from obtaining a quality education.
REFERENCES
Barrantes, R. (2007). Analysis of ICT Demand: What Is and How to Measure Digital Poverty? In J. Mariscal,
& H. Galperin, Digital poverty: Latin American and Caribbean perspectives (The Regional Dialogue on the
Information Society (REDIS-DIRSI) (pp. 29-53). Ottawa: International Development Research Centre.
Dawood, S. R. S., Ghazali, S., & Samat, N. (2019). Digital Divide and Poverty Eradication in the Rural Region
of the Northern Peninsular Malaysia. Indonesian Journal of Geography, 15(2), 172-182.
International Telecommunication Union. (2014). Manual for Measuring ICT Access and Use by Households and
Individuals. Geneva Switzerland: International Telecommunication Union.
Sewidan, N. (2015, 4 26). The Borgen Project. Retrieved from https://borgenproject.org/digital-poverty/
W. A. Amir Zal. (2020, 12 12). Pandemik tingkat jurang kemiskinan digital rakyat. Retrieved from BH Online:
https://www.bharian.com.my/rencana/komentar/2020/12/764264/pandemik-tingkat-jurang-kemiskinan-digital-
rakyat

15
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SECTORAL
PERFORMANCE
AGRICULTURE
Oil Palm
The production of oil palm fresh fruit bunches in April 2021 recorded an increase of 6.0 per cent to
7,766,202 tonnes compared to March 2021 (7,325,670 tonnes) as shown in Chart 2. Meanwhile, year-on-year
comparison showed the production decreased 7.6 per cent as against April 2020 (8,405,071 tonnes).
Chart 1: Production of fresh fruit bunches, January 2020 - April 2021
Chart 2: Production of Fresh Fruit Bunches, January 2020 - April 2021
Tonnes ('000)
12,000.0
10,000.0
8,000.0
7,766.2
6,000.0
4,000.0
2,000.0
0.0
Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr
2020 2021
Source: Malaysian Palm Oil Board
The average production of fresh fruit bunches increased to 1.29 tonnes/ha as against 1.20 tonnes/ha in March
2021 (Table 4). During the same period, production in both Peninsular Malaysia and Sabah/Sarawak went up
by 1.41 tons/ha and 1.19 tons/ha respectively.
Table 1: Average Production Of Fresh Fruit Bunches (tan/ha) by Region, April 2020 – April 2021
Table 4: Average Production of Fresh Fruit Bunches by Region, April 2020 - April 2021 (Tonnes)
2020 2021
Region
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr
Malaysia 1.41 1.44 1.65 1.59 1.62 1.65 1.50 1.33 1.19 1.04 0.97 1.20 1.29
Peninsular Malaysia 1.57 1.49 1.84 1.76 1.77 1.77 1.55 1.37 1.23 1.03 1.04 1.33 1.41
Sabah/ Sarawak 1.27 1.40 1.50 1.45 1.50 1.55 1.47 1.29 1.16 1.04 0.91 1.09 1.19
The increase in the average production of fresh fruit bunches per hectare contributed to the rise in the productions
of major oil palm products. Month-on-month comparison showed that production of Crude palm oil in April 2021
was 1,522,865 tonnes, an increase of 7.0 per cent as compared to 1,423,483 tonnes in the previous month.
Similarly, productions of other products also recorded increases during the same period were crude palm kernel
oil; 177,910 tonnes (8.3%), palm kernel cake; 199,363 tonnes (8.1%) and palm kernel; 383,958 tonnes (6.9%)
as depicted in Chart 3.
Chart 3: Production by Major

Chart 2: Production by majorOil Palm
oil palm Products,
products, January
January 2020 - April 2021 2020 - April 2021
Tonnes ('000)
2,000.0
1,800.0
1,600.0
1,522.9
1,400.0
1,200.0
1,000.0
800.0
600.0
384.0
400.0
199.4
200.0
177.9
0.0
2020 2021
Crude palm oil Palm kernel Crude palm kernel oil Palm kernel cake

AGRICULTURE
Exports of oil palm products in April 2021 increased to 2,056,061 tonnes with a value of RM8,231 million
(Chart 4). Year-on-year comparison showed an increase of 10.7 per cent as compared to April 2020
(1,857,869 tonnes). Month-on-month comparison also exhibited a similar trend with a rise of 13.7 per cent
compared to March 2021 (1,807,772 tonnes). Palm oil was the major contributor to exports of Oil palm products
at 65.1 per cent (1,338,672 tonnes) followed by Oleochemicals; 11.4 per cent (234,373 tonnes) and Palm kernel
cake; 8.6 per cent (177,640 tonnes).
Chart 3: Exports of oil palm products, January 2020 - April 2021
Chart 4: Exports of Oil Palm Products, January 2020 - April 2021
Tonnes ('000)
3,000.0
2,500.0
2,056.1
2,000.0
1,500.0
1,000.0
500.0
0.0
2020 2021
Total palm oil exports in April 2021 was 1,338,672 tonnes, a surge of 12.6 per cent as compared to March
2021 (1,188,697 tonnes). The highest exports destination was India which amounted to 354,555 tonnes with a
contribution of 26.5 per cent of total palm oil exports. This was followed by China (8.3%), Turkey (6.6%), Iran
(5.6%) and Pakistan (4.7%).
Meanwhile, exports to the European Union countries decreased 42.1 per cent to 93,804 tonnes as compared
to March 2021 (161,871 tonnes). Netherlands was the highest contributor with 55.3 per cent of total palm oil
exports to the European Union. This was followed by Italy and Sweden with contributions of 16.1 per cent and
10.8 per cent respectively.
Imports of Palm oil in April 2021 amounted to 109,847 tonnes, a decrease of 20.0 per cent as against
March 2021 (137,332 tonnes) as shown in Chart 5. On the other hand, imports of Palm kernel surged by
43.6 per cent as against the previous month (4,147 tonnes). Palm kernel oil also showed an increasing trend by
recording 14,115 tonnes compared to 10,009 tonnes for the same period. Year-on-year comparison for Palm oil
also showed a significant increase of 94.1 per cent compared to April 2020 (56,596 tonnes). Meanwhile, Palm
kernel oil and Palm kernel declined 26.3 per cent and 3.9 per cent respectively during the same period.
Chart 4: Imports by oil palm products, January 2020 - April 2021
Chart 5: Imports by Oil Palm Products, January 2020 - April 2021
Tonnes ('000)
300.0
250.0
200.0
150.0
109.8
100.0
50.0
14.1
6.0
0.0
2020 2021
Palm Oil Palm Kernel Oil Palm Kernel

AGRICULTURE
Rubber
The performance of natural rubber production in the first quarter of 2021 showed a decrease of 7.5 per cent to
131,643 tonnes as compared to 142,322 tonnes in the preceding quarter. Meanwhile, year-on-year comparison
the production declined further by 12.6 per cent (Q1 2020: 150,659 tonnes).
In the meantime, on monthly basis, production of natural rubber decreased 27.6 per cent month-on-month
to 36,068 tonnes in March 2021 (February 2021: 49,840 tonnes) as shown in Chart 6. On the contrary, an
increase of 4.5 per cent was recorded as against the same month of the previous year.
Chart 1: Production of Natural Rubber, January 2020 – March 2021
Chart 6: Production of Natural Rubber, January 2020 – March 2021
Tonnes ('000)
70.0
60.0
50.0
40.0 36.1
30.0
20.0
10.0
0.0
Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar
2020 2021
In March 2021, 91.2 per cent (32,906 tonnes) of natural rubber production was recorded by smallholders
which was the main contributor to rubber production as compared to estates with a share of 8.8 per cent
(3,162 tonnes). The month-on-month comparison indicated that the production by smallholders and estates
decreased 27.4 per cent and 30.3 per cent respectively. Meanwhile, in comparison to March 2020, production
by smallholders increased 5.3 per cent while production by estates fell 2.8 per cent.
In terms of external trades, exports of natural rubber grew by 7.7 per cent to 58,852 tonnes as compared
to 54,632 tonnes in February 2021. Year-on-year, exports surged 30.2 per cent from 45,198 tonnes in the
same month last year. The main destinations for exports of natural rubber in March 2021 were P.R. China at
51.8 per cent of total exports, followed by Germany (6.4%), Finland (5.3%), U.S.A (4.8%) and Brazil (2.3%).
In addition, Standard Malaysian Rubber (S.M.R.) contributed 95.6 per cent (56,289 tonnes) of total natural
rubber exports with the S.M.R. 20 comprising 70.0 per cent (39,404 tonnes) of total exports. Rubber gloves
is Malaysia’s most exported items to the United States which was 28,828 tonnes followed by Germany
(6,409 tonnes) and China (4,637 tonnes) as depicted in Table 5. The exports value of this item increased by
9.4 per cent to RM6.4 billion in March 2021 as compared to RM5.8 billion in February 2021.
Table 1: Top 10 Exports Countries of Rubber Gloves,
February 2021 and March 2021
Table 5: Top 10 Exports Countries of Rubber Gloves, February 2021 and March 2021
Quantity (Tonnes) Value (RM million)
Countries
February March February March
2021 2021 2021 2021
United States 25,812 28,828 2,144.2 2,437.4

Germany 6,272 6,409 480.8 470.2
China 5,110 4,637 227.8 230.5
Japan 3,618 4,610 337.4 428.3
United Kingdom 4,084 3,540 298.1 265.5
Canada 2,349 2,777 187.4 229.5
Netherlands 3,159 2,746 251.9 229.0
Italy 1,932 2,473 123.3 148.2
Brazil 1,945 2,428 84.9 121.7
Turkey 2,141 1,976 108.1 103.6

AGRICULTURE
Meanwhile, Imports of natural rubber decreased 1.1 per cent month-on-month to 108,561 tonnes in
March 2021 (February 2021: 109,759 tonnes). Three main types of imported natural rubber were Latex
Concentrated (33,123 tonnes), Standard Rubber (20,021 tonnes) and Ribbed Smoked Sheets (2,583 tonnes).
Natural rubber was mainly imported from Thailand which amounted to 48,114 tonnes in March 2021.
The stocks of natural rubber declined 1.6 per cent to 281,672 tonnes as compared to 286,117 tonnes in February
2021 (Chart 7).
Chart 2: Stocks of Natural Rubber, January 2020 – March 2021
Chart 7: Stocks of Natural Rubber, January 2020 – March 2021
Tonnes ('000)
350.0
300.0 281.7
250.0
200.0
150.0
100.0
50.0
0.0
2020 2021
Domestic consumption of natural rubber recorded 49,718 tonnes, a rise of 23.8 per cent year-on-year
(March 2020: 40,163 tonnes). More than 70 per cent of the natural rubber was used by the rubber gloves
industry at 75.3 per cent (37,435 tonnes), followed by rubber thread industry with 8.5 per cent (4,216 tonnes)
and; tyres and tubes industry at 7.4 per cent (3,674 tonnes).
Average price of Latex Concentrate recorded an increase of 680.20 cents per kilogramme as compared
to February 2021 (587.91 cents per kilogramme). The price of S.M.R. 20 also went up to 707.89 cents per
kilogramme as compared to 672.68 cents per kilogramme for the same period (Chart 8).
Chart 3: Monthly Average Prices for Natural Rubber, January 2020 – March 2021
Chart 8: Monthly Average Prices for Natural Rubber, January 2020 – March 2021
Cent/ Kg
850
750 730
708
650 680
583
550
450
350
250
2020 2021
Field Latex Price (Cent/ Kg) Scrap Price (Cent/ Kg)

Latex Concentrate Price (Cent/ Kg) SMR 20 Price (Cent/ Kg)
Source: Malaysian Rubber Board
Malaysia is one of the major producers of natural rubber under the Association of Natural Rubber Producing
Countries (ANRPC). The natural rubber production by other ANRPC members in March 2021 were Thailand
with 320.7 thousand tonnes, Indonesia (277.5 thousand tonnes), Vietnam (35.0 thousand tonnes), India
(46.0 thousand tonnes), China (16.4 thousand tonnes), Cambodia (13.2 thousand tonnes), Philippines
(3.0 thousand tonnes) and Sri Lanka (6.8 thousand tonnes). Likewise, prices for both latex concentrated and
S.M.R 20 rose 56.1 per cent and 36.8 per cent respectively as compared to the previous year.

INDUSTRY AND MANUFACTURING
Industrial Production Index (IPI)

March 2021 marked a year Malaysia went through various phases of MCO to curb the spread of the COVID-19
pandemic. This episode had a serious impact on social and economic climate in the country over the course
of the year. Various efforts were mobilised by the government to balance the socio-economic aspects with
health concerns and subsequently attempt to restore economic activity to normal levels such as introduction of
economic stimulus packages as well as the launch of the National Immunisation Programme. However, several
indicators of the economic performance in March 2021 have recorded encouraging growths. Among others,
the resilient Manufacturing sector is the main catalyst for growth partly driven by global demand and better
commodity prices.
Malaysia’s IPI in March 2021 surged 9.3 per cent as compared to the same month of the previous year,
which was the highest growth since July 2013 (Chart 9). The growth of IPI in March 2021 was driven by the
Manufacturing and Electricity indices which increased 12.7 per cent and 10.3 per cent respectively. Meanwhile,
Mining index dropped 1.9 per cent.
Chart 9: Industrial Production Index (Year-on-Year), March 2020 – March 2021 (%)
Per cent (%)
20.0 12.7
10.3
10.0
9.3
0.0
-1.9
-10.0
-20.0
-30.0
-40.0
Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar
2020 2021
IPI Mining Manufacturing Electricity
The growth of the Manufacturing sector which was the largest component in the IPI were steered by the
growths of both exports and domestic-oriented outputs. Exports-oriented output recorded 12.4 per cent
(February 2021: 5.8%) while domestic-oriented output soared 13.4 per cent (February 2021: 1.8%) as compared
to the same period of the previous year. The largest contributors to export-oriented output were Manufacture of
rubber products with a growth of 68.3 per cent (February 2021: 66.1%), Manufacture of computer, electronic &
optical products, at 14.9 per cent (February 2021: 12.3%) and Manufacture of chemicals and chemical products,
at 9.6 per cent (February 2021: 3.6%). Meanwhile, domestic-oriented output was dominated by the increase
of Manufacture of motor vehicles, trailers and semi-trailers at 33.5 per cent (February 2021: 7.3%), followed
by 13.3 per cent rise in Manufacture of food products, (February 2021: 6.6%) and a growth of 7.4 per cent by
Manufacture of fabricated metal products, except machinery and equipment (February 2021: -5.1%).
IPI for selected major trading partners of Malaysia showed positive growths in March 2021 such as China,
14.1 per cent (February 2021: 35.1%), Singapore, 7.6 per cent (February 2021: 16.5%), South Korea,
4.7 per cent (February 2021: 0.9%), Japan, 3.7 per cent (February 2021: -2.6%) and the United States of
America (USA), 1.0 per cent (February 2021: -4.8%).
The Mining sector’s output shrank 1.9 per cent in March 2021 as compared to the same period of the previous
year. The deterioration was due to the decrease in Crude Oil & Condensate index (-9.4%). Meanwhile, Natural
Gas index grew 4.3 per cent.
The IPI for the first quarter of 2021 increased 3.9 per cent as compared to the same period of the previous year
(Chart 10). The growth was due to the expansion of 6.8 per cent in Manufacturing index. Meanwhile, Mining
and Electricity sector recorded a decline of 4.1 per cent and 0.1 per cent respectively.

Chart 10: Industrial Production Index (Year-on-Year), Q1 2019 – Q1 2021 (%)

Per cent (%)
10.0
6.8
5.0 3.9
0.0 -0.1
-5.0 -4.1
-10.0
-15.0
-20.0
-25.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2019 2020 2021
IPI Mining Manufacturing Electricity
Manufacturing
In March 2021, Malaysia’s Manufacturing sales stood at RM126.9 billion, grew at a faster pace of 15.3 per cent
(February 2021: 6.4%) as compared to the previous year (Chart 11). The growth in sales value was the highest
after 44 months, driven by Transport equipment & other manufactures products (34.2%), Electrical & electronics
products (17.0%) and Food, beverages & tobacco products (14.9%).
In addition, Malaysia’s exports in March 2021 accelerated to a double-digit growth of 31.0 per cent
(February 2021: 17.6%) to RM104.9 billion as compared to the same month of the previous year. The significant
rise in trade performance was boosted by higher global demand notably for electrical & electronic products
mainly semiconductor used in 5G technology and high performance computing as well as rubber products.
Higher exports were seen in most major markets namely ASEAN, China, the USA and the European Union
(EU) registered a new all-time high. Exports of manufactured goods in March 2021 reached its highest monthly
value at RM91.2 billion or 86.9 per cent of total exports, grew by 34.9 per cent year-on-year. The expansion
was mainly due to higher shipments of E&E products, rubber products, manufactures of metal, chemicals and
chemical products as well as machinery, equipment and parts.
Chart 11: Sales Value of Manufacturing Sector, March 2020 – March 2021
RM billion Year-on-Year (%)
140.0 126.9 20.0
120.0 15.3
10.0
100.0
0.0
80.0
-10.0
60.0
-20.0
40.0
20.0 -30.0
- -40.0
Sales value Year-on-Year (%)
Based on Monthly Manufacturing Survey, total employees engaged in March 2021 were 2.23 million persons,
a decrease of 1.1 per cent as compared to 2.26 million persons in March 2020. The decline in total employees
was mainly attributed by the Textile, wearing apparel, leather & footwear (-15.1%), Transport equipment & other
manufactures (-4.0%) and Wood products, furniture, paper products, printing (-3.7%) industries. Salaries &
wages paid amounted to RM7.5 billion, edged up by 0.8 per cent in March 2021 as against the same month of
the preceding year. The sales value per employee rose by 16.5 per cent to record RM56,831. Meanwhile, the
average salaries & wages per employee was RM3,364 (March 2020: RM3,303).

In the first quarter 2021, the sales value registered an increase of 8.5 per cent (Q4 2020: 3.0%) to
RM368.2 billion as compared to the same period of 2020 (Chart 12). The number of employees engaged during
the period declined by 1.1 per cent (Q4 2020: -2.0%) to register 2.23 million persons while salaries & wages
paid decreased by 0.6 per cent (Q4 2020: -1.3%) to RM22.6 billion. The sales value per employee during the
reference period rose by 9.7 per cent (Q4 2020: 5.1%) to record RM164,865. During the same period, exports of
manufactured goods rose by 21.9 per cent to RM245.9 billion compared to the same month in 2020, on account
of higher exports of Electrical & electronics products, rubber products, manufactures of metal, chemicals and
chemical products, machinery, equipment and parts as well as optical and scientific equipment.
Chart 12: Sales Value of Manufacturing Sector, Q1 2019 - Q1 2021

RM billion Year-on-Year (%)
400.0 10.0
8.5
350.0
368.2 5.0
300.0
0.0
250.0
200.0 -5.0
150.0
-10.0
100.0
-15.0
50.0
0.0 -20.0
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Sales value Year-on-Year (%)
Malaysia’s Manufacturing sector is expected to post stronger growth in April 2021 largely due to base effect
and supported by the global economic activities that continued to recover and rapid progress on vaccination
programme worldwide. However, the surge of new COVID-19 cases and the reimplementation of the third MCO
may impose challenges to the Manufacturing sector in Malaysia.

SERVICES
Services Sector
As the services sector is the largest contributor to the national economy, the re-implementation of the MCO,
RMCO, and CMCO in several states starting 13 January 2021 directly affects this sector although most
subsectors within the sector was allowed full operation and categorised as essential businesses.
Revenue of the Services sector in the first quarter of 2021 decreased by 2.1 per cent or RM9.3 billion to
RM428.5 billion compared with the same quarter last year. The Services Volume Index also recorded a fall of
3.6 per cent to reach 123.4 points from 127.9 points in the first quarter of 2020 (Chart 13).
Chart 1: Revenue and Volume Index of Services Sector, Q1 2018 – Q1 2021 (Year-on-year)
Chart 13: Revenue and Volume Index of Services Sector, Q1 2018 – Q1 2021 and 2016-2020
Revenue (RM Million) Volume Index
2,000 140.0
123.4
1,800
120.0
1,600
1,400 100.0
1,200 80.0
1,000
800 60.0
600 40.0
428.5
400
20.0
200
- -
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4r
Q1p
2016
2017
2018
2019
2020
2018 2019 2020 2021 -
Revenue of Services Sector Volume Index

Compared to the previous quarter, the revenue of the Services sector dropped 1.7 per cent. This negative growth
was contributed by all segments in the sector especially the Wholesale & Retail Trade, Food & Beverage and
Accommodation segments as well as the Information & Communication and Transport & Storage segments.
The Service Volume Index also recorded a decline of 0.3 per cent to 123.4 points.
The Wholesale & Retail Trade, Food & Beverage and Accommodation segments recorded a decline of
0.2 per cent in total revenue to RM346.7 billion as against RM347.3 billion in the first quarter of 2020. The value
index of the segments also decreased from 128.1 points to 123.3 points (Exhibit 1).
The Wholesale and Retail Trade subsector showed an upward trend of 1.7 per cent compared with
1.6 per cent to achieve a revenue value of RM332.6 billion. Sales of Wholesale Trade grew 0.4 per cent
particularly in Non-Specialised Wholesale Trade (7.2%), Wholesale of Food, Beverages and Tobacco (5.6%)
and Wholesale of Household Goods (4.1%). Sales of Retail Trade increased 1.6 per cent mainly driven by
Retail Sales Not in Stores, Stalls or Markets (10.0%), Retail Sale via Stalls and Markets (7.9%) and Retail
Sale of Food, Beverages and Tobacco in Specialised Stores (6.6%). Meanwhile, Motor Vehicles increased
8.2 per cent supported by Sales of Motor Vehicles (13.7%) and Sales, Maintenance and Repair of Motorcycles
and Related Parts and Accessories (26.2%). The Volume Index for this subsector declined 3.8 per cent to
record 123.3 points compared with 128.1 points in the same quarter last year (Exhibit 2).
The implementation of MCO, RMCO and CMCO in the first quarter of 2021 affected the Food and Beverage
subsector. This subsector recorded a 24.5 per cent fall in revenue compared to the same quarter last year. The
Volume Index also recorded negative growth of 23.1 per cent as against similar quarter of the preceding year.
This situation happened because eateries and hawker stalls in the MCO areas were only allowed to operate
for take away and delivery services while for RMCO and CMCO areas, both were allowed to operate as usual
according to the SOP that has been set.
The nationwide prohibition of cross-state and district movements as well as international border closures had
taken a toll on tourism sector hence resulted in a decline of revenue for the Accommodation subsector. The
revenue of this subsector declined 64.1 per cent to record a value of RM1.1 billion compared with RM3.2 billion
in the same quarter last year. The Volume Index also recorded a fall from negative 4.1 per cent to negative
58.7 per cent.

SERVICES
The Information & Communication and Transport & Storage segments also recorded a decrease of
6.4 per cent in revenue to record RM59.8 billion compared to RM63.9 billion in the same quarter in the previous
year. In the meantime, the Volume Index declined by 2.0 per cent. The decline in this segment was contributed
by the Transport & Storage subsector which dropped 21.4 per cent as air transport activities were not allowed to
operate causing the revenue to descend by 84.5 per cent. The Information & Communication subsector showed
an increase in revenue to RM37.7 billion from RM35.7 billion in the first quarter of 2020, while the Volume Index
during the same period posted a growth of 6.4 per cent.
The revenue of Health, Education and Arts, Entertainment & Recreation segment contracted significantly by
23.1 per cent during the quarter to RM12.9 billion compared to RM16.8 billion in the same quarter last year. The
contraction in this segment was contributed by the Arts, Entertainment & Recreation subsector which recorded
declines in revenue and Volume Index by 54.0 per cent and 49.2 per cent respectively. This is in line with
the closure of entertainment and recreational activities that is still in force. Meanwhile, the Private Education
subsector also recorded a decline of 8.9 per cent in revenue with the Volume Index decreased 10.9 per cent.
Meanwhile Health subsector registered a fall in revenue by 1.3 per cent while the Volume Index also declined
5.1 per cent due to the reduction in patients for Hospital and Medical & Dental activities during the pandemic.
The Professional and Real Estate Agents segment also recorded a fall in revenue by 8.1 per cent compared
to the same quarter a year ago. The revenue of the Professional subsector decreased 7.1 per cent while the
Volume Index dropped 13.1 per cent. The situation was similar for revenue and Volume Index of the Real Estate
Agents subsector which fell 20.8 per cent and 18.0 per cent respectively.
In the first quarter of 2021, the number of persons engaged in the Services sector reduced by 80,693 persons
or 2.1 per cent as compared to the same period last year, recorded a total of 3.7 million persons. The decline
was particularly in Wholesale & Retail Trade, Food & Beverage and Accommodation segments with a decrease
of 48,705 persons or 1.7 per cent followed by the Health, Education and Arts, Entertainment & Recreation
segments of 7,253 persons or 2.5 per cent.
In line with the decline in the number of persons engaged, salaries and wages paid also decreased to record
RM24.2 billion, a contraction of 3.1 per cent over the same quarter last year. This was contributed by the
Information & Communication and Transport & Storage segments with a decrease of RM518.5 million or
10.5 per cent followed by the Wholesale & Retail Trade, Food & Beverage and Accommodation segments with
a decrease of RM147.9 million or 1.0 per cent.
Exhibit 1: Revenue of Services Sector by Segment, Q1 2021 (Year-on-Year)
Wholesale & Retail Trade, Information &

Food & Beverages and Communication and
Accommodation Transportation & Storage
RM346.7b RM59.8b
Q1 2021: -0.2% Q1 2021: -6.4%
Q1 2020: 1.5% Q1 2020: 1.4%
Services
Sector
Health, Education and Professional

Arts, Entertainment & and
Recreation Real Estate Agent
RM12.9b RM9.0b
Q1 2021: -23.1% Q1 2021: -8.1%
Q1 2020: -0.6% Q1 2020: 5.0%

SERVICES
Exhibit 2: Volume Index of Services (2015=100) by Segment, Q1 2021 (Year-on-Year)
Wholesale & Information &

Retail Trade, Communication Business Other Services
Food & and Services and
Beverages and Transportation & Finance
Accommodation Storage
Q1 2021: -3.8% Q1 2021: -2.0% Q1 2021: 0.2% Q1 2021: -25.2%

Q1 2020: 1.5% Q1 2020: 2.7% Q1 2020: 4.1% Q1 2020: -0.9%
Although more economic activities were permitted to resume during this quarter, the revenue and volume index
was still posting year-on-year negative growth. This indicates that businesses are still facing a challenging
scenario as the increase in daily new cases since January as well as the implementation of travel restrictions
between states, districts and countries have also affected the Services sector. Therefore, the implementation of
MCO and travel restrictions between states and districts are certainly vulnerable to the Services sector in the
first two quarters of 2021.

EXTERNAL SECTOR
Balance of Payments
In the first quarter of 2021, Malaysia began implementing the Movement Control Order (MCO) 2.0 starting from
13th January 2021 in six states across Malaysia following a new wave of COVID-19 outbreak. At the same time,
the Government allowed five essential sectors to operate their businesses as usual with a strictly compliance
to the Standard Operating Procedures (SOPs) and thus cushioned the potential economic losses. This was
reflected on the increasing trend in both total employment and Manufacturing sector, and the recovery of the
Malaysia’s Gross Domestic Product (GDP) which marginally declined 0.5 per cent in this quarter as compared
to a decline of 3.4 per cent in the previous quarter.
Amid the current situation, Malaysia’s current account balance (CAB) remained surplus and recorded
RM12.3 billion in the first quarter of 2021 as against RM18.6 billion in the previous quarter (Chart 14). This
was contributed by the positive momentum of the net exports of Goods. In addition, the lower deficit in Primary
income was also a contributing factor to the surplus in Malaysia’s CAB in this quarter. Countries such as China,
Japan and South Korea were also observed on having the same trend of lower CAB surplus as most countries
are still adapting on a new norm with the outbreak of this pandemic.
Chart 14: Current Account, Q1 2019 - Q1 2021

RM billion
50.0
40.0
30.0
18.6
20.0
12.3
8.8
10.0
0.0
-10.0
-20.0
-30.0
Q1-19 Q2 Q3 Q4 Q1-20 Q2 Q3 Q4 Q1-21
Goods Services
Primary income Secondary income
Current account balance
As most countries have facilitated the progress in economic activities by easing the COVID-19 restrictions,
albeit a strict Standard Operating Procedures, this has benefitted the performance in Manufacturing sector
during this quarter. As a result, exports of goods increased to RM225.5 billion as compared to RM217.2 billion
in the previous quarter, mainly driven by the Electrical & Electronics, Rubber and Chemicals based products;
mostly to China, Singapore and USA. The increasing trend was also seen in imports of goods which registered
RM188.9 billion, a rise of RM14.3 billion as against the preceding quarter on the back of increase in intermediate
and capital goods imports mainly from China, Singapore and Japan.
On the contrary, the impact of the pandemic on Services sector remained at a higher deficit of RM15.0 billion
as compared to the last quarter of 2020, owing to Travel, Construction and Other Business Services. With the
repercussion of border closure, Travel being the major contributor of Services, maintained in the negative trend
by recording a deficit of RM3.4 billion, followed by Other Business Services (RM0.8 billion) and Construction
(RM0.7 billion). Hence, exports of Services declined by 1.9 per cent quarter-on-quarter to RM20.3 billion in the
first quarter of 2021 while imports increased by 1.4 per cent to RM35.2 billion.
On the bright side, some Services components performed well in this quarter, namely Manufacturing services
which recorded a higher surplus of RM3.4 billion, while Insurance and pension services and Charges for the use
of intellectual property recorded a lower deficit of RM2.1 billion and RM2.3 billion respectively.

EXTERNAL SECTOR
Table 1: Summary on Balance of Payments, Q4 2020 and Q1 2021
Table 6: Summary on Balance of Payments, Q4 2020 and Q1 2021
Q4 2020 Q1 2021
Current Account Balance
Surplus RM18.6b Surplus RM12.3b
Goods Surplus RM42.6b Surplus RM36.6b
Services Deficit RM14.0b Deficit RM15.0b
Primary Income Deficit RM7.2b Deficit RM5.7b
Secondary Income Deficit RM2.7b Deficit RM3.6b
Financial Account Net Outflow RM10.2b Net Inflow RM16.0b
Reserve Assets (as at end) RM423.3b RM450.8b
In the glance of Income account, Primary income continued to record a lower deficit at RM5.7 billion in the
first quarter of 2021 as compared to RM7.2 billion in the last quarter (Table 6). This was contributed by the
higher income of RM17.3 billion as against 14.5 billion in the preceding quarter which Malaysian companies
abroad earned higher income particularly in Financial, Mining & quarrying and Manufacturing sectors. Similarly,
foreign companies in Malaysia also earned a higher income of RM23.0 billion in this quarter as compared to
RM21.7 billion in the previous quarter, especially for companies involved in Manufacturing sector mostly in
Electrical & Electronics products as well as Financial sector.
On the other hand, higher payments of RM7.6 billion has resulted in a higher deficit of RM3.6 billion in the
Secondary income for this quarter as compared to RM2.7 billion in the preceding quarter.
Performance of Investments
In the first quarter of 2021, Foreign Direct Investment (FDI) recorded a higher inflow of RM9.1 billion from
RM6.8 billion in the preceding quarter owing to higher inflow in equity and reinvestment of earnings and lower
inflow in debt instruments (Chart 15). Asia remained as the largest region to contribute for the inflow at RM6.2
billion with Singapore, Hong Kong and China as top investors at RM2.9 billion, RM0.9 billion and RM0.7 billion
respectively. This was followed by Europe (RM4.1 billion) and Africa (RM0.1 billion). The FDI flow in Malaysia
was primarily channelled to Services sectors at RM3.9 billion, mainly in Financial and Wholesale & retail trade
activities, followed by Manufacturing (RM3.5 billion) and Mining & quarrying (RM1.4 billion) sectors.
Chart 15: Foreign Direct Investment (FDI) in Malaysia, 2018 – 2020 and Q1 2018 – Q1 2021
Annual Quarterly
RM billion
2018 - 2020 Q1 2018 – Q1 2021
32.4
35.0
30.7
30.0
25.0
19.5
20.0
14.6
15.0
11.3
10.7
9.1
10.0
6.8
6.4
5.7
4.7
4.0
3.8
5.0
2.7
2.5
0.0
-0.3
-5.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2018 2019 2020 2018 2019 2020 2021
Concurrently, Direct Investment Abroad (DIA) by Malaysian companies has also increased, gaining from
the reopening of global economy which posted RM7.8 billion in the first quarter of 2021 from RM5.2 billion
in the preceding quarter due to the high investment in equity abroad and retained earnings in this quarter
(Chart 16). Likewise, Asia also remained the leading region for DIA flows with a value of RM3.3 billion, followed
by Americas and Europe at RM2.0 billion and RM1.9 billion respectively. The investment was largely in Services
with a value of RM3.5 billion, mainly in Financial activities, followed by Mining & quarrying (RM2.3 billion) and
Manufacturing (RM1.2 billion) sectors.

EXTERNAL SECTOR
Chart 16: Direct Investment Abroad (DIA) Flows in Malaysia, Q1 2018 – Q1 2021
RM billion
-14.0
-12.9
-12.0
-10.0
-8.0 -7.8
-6.0
-5.2
-4.0
-2.0
0.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2018 2019 2020 2021
Moving forward, the CAB is expected to maintain a surplus in the second quarter of 2021 as the regional
demand for products and services will continue to increase especially in Electrical & Electronics, Palm oil and
Rubber based products. Even though the Government has introduced the Travel bubble between states to
lift up tourism activities, yet Travel is seen to be hit hard as the reimpose of MCO 3.0 due to the surge in the
number of new COVID-19 cases. A similar trend will be observed in Transport as the Reciprocal Green Lane
(RGL) between Singapore and Malaysia has been suspended. However, vaccination rollout will help to boost
confidence in Malaysia, hence FDI is expected to continue its inflow with a promising growth as shown in
Electrical & Electronics manufacturing sectors. In terms of outlook for investment, MITI has led a Trade and
Investment Mission into Republic of Korea (South Korea) and Japan which would secure RM16.05 billion in
potential investment value and RM986.15 million potential exports value in the coming years. The Economic
Outlook 2021 forecasted Malaysia’s CAB to record a lower surplus at RM20.3 billion or 1.3 per cent of GNI, in
line with the expansion in domestic industrial and investment activities.
Merchandise Trade
The first quarter of 2021 witnessed the re-implementation of the Movement Control Order (MCO 2.0) in almost
all states in Malaysia. This implementation then has been gradually eased to Conditional Movement Control
Order and Recovery Movement Control Order in the selected states and localities in line with the reducing
number of new daily cases. The National COVID-19 Immunisation Programme was launched on 24 February
2021 which unfolded a new chapter to the government’s efforts in curbing the spread of the COVID-19 pandemic
in the country and subsequently to Malaysia’s economic recovery. Malaysia’s trade in Q1 2021 continued to
increase with total trade recording a double-digit increase of 14.8 per cent year-on-year as against a marginal
rise of 0.7 per cent in the previous quarter. Exports maintained an upward trend with a significant increase of
18.2 per cent, while imports rebounded to 10.8 per cent from a decline of 4.5 per cent in the last quarter.
Malaysia’s trade balance remained surplus at RM58.6 billion, up 58.6 per cent from the same quarter last year.
At the same time, on a quarter-on-quarter basis, exports, imports and total trade increased by 3.9 per cent,
5.6 per cent and 4.7 per cent, respectively, while the trade balance declined 2.1 per cent. On a monthly basis,
exports increased in January (+6.6%), February (+17.6%) and March (+31.0%) 2021 as compared with the
same month of 2020. Meanwhile, imports also showed a similar trend with growth of 1.3 per cent, 12.7 per cent
and 19.2 per cent in January, February and March 2021, respectively.
The increase in exports was contributed by higher exports to China (RM11.2 billion), the United States
(US) (+RM8.6 billion), Singapore (+RM5.7 billion), the European Union (EU) (+RM4.9 billion) and Viet Nam
(+RM4.1 billion), while exports to Indonesia, the Republic of Korea and Switzerland contracted by
RM2.0 billion, RM1.1 billion and RM1.0 billion respectively. Concurrently, the rebound in imports was attributed
to higher imports mainly from China (+RM10.9 billion), Thailand (+RM2.9 billion), Japan (+RM2.6 billion), Taiwan
(+RM2.6 billion), Indonesia (+RM2.6 billion) and Singapore (+RM1.9 billion). Meanwhile, lower imports were
recorded from Saudi Arabia (-RM4.2 billion), the US (-RM1.4 billion) and Venezuela (-RM1.4 billion). China,
Singapore, the US and the EU remained Malaysia’s major trading partners in Q1 2021 with a total contribution
of 48.7 per cent (Q1 2020: 46.1%).

EXTERNAL SECTOR
Malaysia’s exports of goods recorded a better positive momentum in Q1 2021 with an increase of
18.2 per cent year on year from RM238.7 billion to RM282.1 billion. The increase was supported by the
increase in exports of Electrical and electronic (E&E) products (+RM23.5 billion, +27.9%), Rubber gloves
(+RM13.0 billion, +265.7%) and Palm oil and palm oil-based products (+RM2.9 billion, +18.1%). Meanwhile,
Refined petroleum products, Liquefied natural gas and Crude petroleum continued to show negative trend
with declines of RM3.4 billion (-19.5%), RM3.0 billion (-27.8%) and RM1.7 billion (-28.1%), respectively as in
Chart 17. E&E products, Palm oil and palm oil-based products and Rubber gloves remained to dominate
Malaysia’s exports with a total contribution of 44.2 per cent (Q1 2020: 51.4%).
Chart 17: Malaysia’s Exports by Top 10 Major and Selected Products, Q1 2021 (Percentage Change)
Heating and cooling equipment & parts -1.2 %
Iron & steel bars, rods 7.7 %
Crude petroleum -28.1 %
Timber and timber-based products 9.9 %
Liquefied natural gas -27.8 %
Professional, scientific and controlling instruments &

13.1 %
apparatus
Refined petroleum products -19.5 %
Rubber gloves 265.7 %
Palm oil & palm oil-based products 18.1 %
Electrical & electronic products 27.9 %
-50.0 0.0 50.0 100.0 150.0 200.0 250.0 300.0
Performance of imports rebounded in Q1 2021 with an increase of 10.8 per cent from RM201.7 billion
to RM223.5 billion. The increase in imports was driven in particular by imports of E&E products
(+RM11.3 billion, +19.3%), Non-monetary gold (+RM5.1 billion, +227.6%) and Copper (+RM1.3 billion, +69.7%).
In the meantime, imports of Crude petroleum, Refined petroleum products and Flat rolled products of iron and
steel registered contractions of RM7.4 billion (-75.9%) and RM2.7 billion (-14.0%) and RM24.1 million (-0.7%),
respectively. The main products of Malaysia’s import in Q1 2021 were E&E Products, Refined petroleum
products and Non-monetary gold with cumulative contribution of 41.8 per cent (Q1 2020: 39.5%).
Chart 18: Malaysia’s Imports by Top 10 Major and Selected Products, Q1 2021 (Percentage Change)
Manufactures of base metal 19.5 %
Crude petroleum -75.9 %
Machinery & equipment specialized for particular industries

6.4 %
& parts
Copper 69.7 %
Parts & accessories of tractors, motor cars and other road

43.9 %
motor vehicles
Measuring, checking, analysing and controlling

17.5 %
instruments and apparatus
Flat rolled products of iron or steel -0.7 %
Gold, non monetary 227.6 %
Refined petroleum products -14.0 %
Electrical & electronic product 19.3 %
-100.0 -50.0 0.0 50.0 100.0 150.0 200.0 250.0
Trade performance of major trading partners also showed recovery trends by recording higher trade as against
in Q1 2020. Increases in both exports and imports were recorded by most of major trading partners except the
EU (Chart 19).

EXTERNAL SECTOR
Chart 19: Malaysia’s Top 10 Trading Partners, Q1 2021 (Percentage Change)

25.6 %
Hong Kong
33.3 %
10.7 %
Indonesia
17.1 %
9.4 %
Thailand
2.3 %
21.1 %
Taiwan
24.5 %
12.1 %
Republic of Korea
12.6 %
1.8 %
Japan
6.0 %
-0.9 %
European Union
-0.9 %
11.7 %
United States
1.9 %
2.7 %
Singapore
9.1 %
27.6 %
China
48.7 %
-10.0 0.0 10.0 20.0 30.0 40.0 50.0

Exports change, YoY Imports change, YoY
Source: Official website of National Statistical Offices of the selected countries
External trade statistics by state for the period of Quarter 1 2021 showed that the total trade increased
RM65.2 billion or 14.8 per cent to RM505.6 billion, year-on-year. The increase was attributed to favourable
performances mainly in Pulau Pinang which rose by RM27.1 billion (+24.1%), followed by Selangor
RM22.5 billion (+22.6%), W.P. Kuala Lumpur RM8.0 billion (+35.3%), Perak RM5.2 billion (+39.5%), Kedah
RM4.4 billion (+27.9%), Pahang RM1.6 billion (+15.8%), Negeri Sembilan RM1.3 billion (+11.7%), Melaka
RM686.7 million (+4.8%), Kelantan RM530.9 million (+38.9%), Terengganu RM445.2 million (+8.5%) and Perlis
RM26.4 million (+5.7%). However, total trade decreased in Sarawak RM3.4 billion (-13.8%), Johor RM2.7 billion
(-2.8%), W.P. Labuan RM565.3 million (-23.0%) and Sabah RM421.0 million (-5.0%) as shown in Exhibit 3.
Total exports increased RM43.5 billion or 18.2 per cent to RM282.1 billion compared to the same period
last year. The increase was driven by higher exports from Pulau Pinang (+RM18.1 billion), Selangor
(+RM11.6 billion), W.P. Kuala Lumpur (+RM5.1 billion), Perak (+RM3.6 billion), Kedah (+RM2.3 billion), Pahang
(+RM1.9 billion), Melaka (+RM1.7 billion), Johor (+RM1.4 billion), Negeri Sembilan (+RM825.6 million),
Terengganu (+RM490.8 million), Kelantan (+RM175.4 million) and Perlis (+RM71.2 million). However, exports
declined for Sarawak (-RM3.6 billion), Sabah (-RM275.5 million) and W.P. Labuan (-RM136.8 million).
At the same time, imports increased RM21.8 billion or 10.8 per cent to RM223.5 billion. The improved
performance was due to higher imports from Selangor (+RM10.9 billion), Pulau Pinang (+RM9.0 billion),
W.P. Kuala Lumpur (+RM2.9 billion), Kedah (+RM2.1 billion), Perak (+RM1.6 billion), Negeri Sembilan
(-RM552.7 million), Kelantan (+RM355.5 million) and Sarawak (+RM208.1 billion). However, imports declined
in Johor (-RM4.1 billion), Melaka (-RM1.0 billion), W.P. Labuan (-RM428.6 million), Pahang (-RM292.3 million),
Sabah (-RM145.5 million), Terengganu (-RM45.5 million) and Perlis (-RM44.8 million).
Five states remained to dominate the country’s exports, accounting for 80 per cent of total exports. Pulau Pinang
remained as the top exporter with a share of 30.4 per cent, followed by Selangor (20.6%), Johor (18.6%),
Sarawak (5.8%) and W.P. Kuala Lumpur (4.2%). Meanwhile, as for imports, Selangor remained as the largest
contributor with a share of 28.6 per cent, followed by Pulau Pinang (24.0%), Johor (18.4%), W.P. Kuala Lumpur
(8.4%) and Kedah (5.2%).

EXTERNAL SECTOR
Exhibit 3: Exports and Imports by State, Q1 2020 and Q1 2021
Notes:
1. Exports and imports activities that are taking place in the Supra area (including production activities beyond the centre of predominant
economic interest for any state) or declarations made by the agent are not included in this infographic.
2. Exports and imports value for W.P. Kuala Lumpur includes W.P. Putrajaya.
Malaysia’s trade performance is anticipated to remain vibrant in April 2021 on the back of improved external
demand, the opening up of economic activity and a low base in 2020. The Economic and Monetary Review
2020 by Bank Negara Malaysia projected Malaysia’s exports and imports of goods to rebound in 2021 with
an increase of 8.2 per cent and 9.1 per cent, respectively. However, Malaysia’s trade performance might be
impacted by the high degree of uncertainty especially as economic activity has once again been slowed down
recently by the surge of new daily cases leading to the implementation of MCO 3.0 starting May 2021.

LABOUR SCENARIO
Labour Scenario
It has been a year since the first Movement Control Order (MCO) was implemented to curb the spread of
COVID-19 in Malaysia starting on 18 March 2020. In early January 2021, the MCO 2.0 was implemented due
to the escalation in COVID-19 daily cases in the community. At that point, the implementation of the MCO
was more targeted such as in states of Johor, Melaka, Pulau Pinang, Selangor, Sabah and the three Federal
Territories. Early February 2021, we had seen the MCO extended to almost all states except for Sarawak. In
March 2021, while most states were in Recovery MCO, Conditional MCO were implemented in Selangor, Johor,
Kelantan, W.P. Kuala Lumpur and Pulau Pinang starting from 2 March 2021.
During the first month of 2021, non-essential services were asked to temporarily close their business while
essential services were allowed to operate in compliance of strict standard operating procedures (SOP). Later,
more economic activities were allowed to resume their business operations among others considering the
sustainability factor of economic sectors. Since March 2021, pre-schools and primary schools were allowed to
reopen starting from 1 March 2021 allowing education-related businesses such as school canteens and bus
services to reopen. Additionally, depending on the size of the premises and stage of MCO, social events such
as wedding receptions, reunions and gatherings were allowed.
A systematic and more targeted containment measure of COVID-19 which was imposed during the first quarter
of 2021 enabled the impact to the national health system and economic impact to be mitigated. Hence, the
country’s economic performance during the quarter posting a smaller negative growth compared to the larger
decrease in the previous quarter. This has led the labour market was set on uneven recovery momentum where
employed persons declined marginally as against same quarter of last year while unemployment rate remained
above four per cent.
In the first quarter of 2021, the number of employed persons decreased slightly year-on-year by 7 thousand
(0.04 per cent) to 15.24 million persons. Consequently, the ability of the country to create employment as
represented by the employment-to-population ratio dropped 1.1 percentage points from the same quarter of the
preceding year to 65.3 per cent. After the drastic fall in Q2 2020, the number of employment had returned to
over 15 million persons but the employment-to-population ratio was still low compared to the quarterly average
of 66.6 per cent recorded in 2019 during pre-COVID-19 health crisis (Chart 20).
Chart 20: Employed Persons and Employment-to-Population Ratio, Q1 2018 – Q1 2021

Persons (‘000) Per cent (%)
16,000 66.8 67.0

66.4 66.4
65.9
15,500 66.0
65.2 65.2 65.3
15,000 64.6 65.0
14,500 64.0
14,684 15,010 15,254 15,244 14,884 15,096 15,162 15,237

14,000 63.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2018 2019 2020 2021
Employed Employment-to-population ratio
In terms of economic sector, the number of employed persons in Manufacturing sector increased
year-on-year for the first time in Q1 2021 since its last positive growth in Q1 2020. Meanwhile, Services sector
showed an increase in the number of employed persons for two consecutive quarters, primarily in Wholesale and
retail trade; Human health & social work; Education; and Communication & Information subsectors. However,
employed persons in Agriculture, Mining & Quarrying and Construction sectors declined compared to the same
quarter last year.

LABOUR SCENARIO
There were 441.9 thousand persons working for less than 30 hours per week due to working conditions or
insufficient work in Q1 2021 as compared to 667.5 thousand persons in the same quarter of the previous
quarter. Out of this total, 310.5 thousand persons were categorised under time-related underemployment as
they worked less than 30 hours a week and were able and willing to work extra hours. The decline was due
to the resumption of nearly all economic activities in compliance of strict SOP following the implementation of
Recovery MCO in March 2021 (Chart 21).
Chart 21: Employed Persons Working Less than 30 hours per Week
and Time-Related Underemployment, Q1 2019 – Q1 2021
Persons (‘000)
1,200
1,000
800
667.5
600 533.7
441.9
400 352.6
200 383.2 369.1 310.5

210.5
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2019 2020 2021
Time-related underemployment Employed persons working less than 30 hours
In the meantime, skill-related underemployment registered 2.09 million persons or 37.5 per cent from the total of
employed persons with tertiary education. This indicator was measured as those with tertiary education working
in semi-skilled and low-skilled occupations. It is generally defined as those who wanted to change their current
employment situation in order to fully utilise their occupational skills and were available to do so (Chart 22).
Chart 22: Skill-Related Underemployment, Q1 2019 – Q1 2021

Persons (‘000)
Share (%)
2,200 40.0
2,000 37.4 37.5

37.5
1,800 36.2
1,600 35.0
2,092.5
32.9 1,886.8
1,400
1,637.3 32.5
1,200 1,460.8
1,000 30.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2019 2020 2021
Skill-related underemployment
Share of skill-related underemployment to employed persons with tertiary education
The unemployment rate remained the same as the previous quarter on the quarterly basis at 4.8 per cent.
However, on yearly basis, the unemployment rate continued to increase significantly by 1.3 percentage points
in Q1 2021 as compared to Q1 2020 (3.5%). Accordingly, the number of unemployed persons recorded at
771.8 thousand persons, increased by 225.2 thousand persons (Q1 2020: 546.6 thousand persons). The
unemployment rate for youth aged 15 to 24 increased 1.1 percentage points to 12.1 per cent as compared to
the same quarter of the preceding year (Chart 23).

LABOUR SCENARIO
Chart 23: Unemployed and Unemployment Rate, Q1 2019 – Q1 2021

Persons (‘000) Per cent (%)
1,000 15.0
12.7
12.1
800 11.0 12.0
10.3
600 9.0
400 4.8 4.8 6.0
3.3 3.5
200 3.0
517 547 761 772

0 0.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2019 2020 2021
Unemployed person Unemployment rate Unemployment rate (15-24 years)
According to the International Labour Organization (ILO), statistics on labour demand refers to the users and
uses of the labour inputs. Based on Quarterly Employment Survey in the first quarter of 2021, the number
of jobs in economic sector recorded a total of 8.437 million jobs, decreased by 130.0 thousand jobs as
against 8.567 million jobs in Q1 2020. On quarterly basis, a marginal decline was recorded at 0.2 per cent
(-19.0 thousand) from 8.457 million jobs. The rate of filled jobs was at 97.9 per cent, decreased 0.2 percentage
points compared to 98.1 per cent in Q1 2020. During the period, there were 178 thousand job vacancies with a
rate of 2.1 per cent (Q1 2020: 1.9%) as shown in Chart 24.
Chart 24: Jobs, Filled Jobs and Vacancies, Q1 2019 – Q1 2021

Jobs (‘000) Per cent (%)
8,800 100.0
8,566.5 98.0
8,600 8,549.3
8,457.1 8,437.5 96.0
8,400
94.0
8,200
92.0
8,000 90.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2019 2020 2021
Rate of filled jobs Rate of vacancies Jobs
By economic activities, jobs in the Services sector dominated the labour demand at 51.8 per cent followed
by Manufacturing (26.8%) and Construction (14.9%). The remaining jobs were in Agriculture (5.5%) and
Mining & Quarrying (0.9%) sectors. Services sector recorded the highest increase in number of filled jobs with
6.7 thousand to 4.348 million filled jobs. In the meantime, the jobs vacancies were primarily in Manufacturing
(56.7%) particularly in the subsector of Electrical, electronic and optical products (17.2%) followed by Petroleum,
chemical, rubber and plastic products (10.5%).
Q1 2021 saw a total of 17.4 thousand jobs created as against 21.9 thousand jobs created in Q1 2020. As for
skill categories, jobs created was largely in semi-skilled with 59.9 per cent (10.4 thousand) followed by skilled
with 30.5 per cent (5.3 thousand) as depicted in Chart 25.

LABOUR SCENARIO
Chart 25: Jobs Created by Skills, Q1 2020, Q4 2020 and Q1 2021

Jobs created (‘000)
Skill
30
21.9
20
16.7 17.4
10.9 10.6 10.4

9.7
10
4.9 5.3
1.3 1.2 1.7

0
Total Skilled Semi-skilled Low-skilled
Q1 2020 Q4 2020 Q1 2021
During the first quarter of 2021, labour productivity as measured by value added per employment improved
with a marginal decline of 0.4 per cent (Q4 2020: -2.9%) to record RM22,516 per person (Q4 2020: RM23,604).
The number of employment showed a slower decrease of 0.04 per cent recording 15.24 million persons
(Q4 2020: -0.6%; 15.16 million persons) as shown in Chart 26.
Chart 26: Labour Productivity per Employment, Q1 2019 – Q1 2021

RM Per cent (%)
25 2.3 1.6 5.0

-0.6 -0.4
2.2
23 -0.8 0.0
-2.9 -5.0
21
-15.0
19
-25.0
17
22.8 22.6 23.6 22.5

15 -35.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2019 2020 2021
Labour productivity per employment (RM) Labour productivity per employment (%) Total employment (%)
Value added per hour worked in Q1 2021 rebounded to 0.4 per cent to RM40 per hour as compared to the
previous quarter (Q4 2020: -0.8%). In the meantime, the total hours worked declined marginally by 0.9 per cent
to 8.54 billion hours as against Q4 2020 (Chart 27).
Chart 27: Labour Productivity per Hour Worked, Q1 2019 – Q1 2021
RM Per cent (%)
60 30.0
50 2.5 10.0
2.1 -0.8 0.4
40 2.0 -1.4 -2.7 -0.9 -10.0
30
-30.0
20
10 -50.0
39.1 40.0 41.6 40.2

0 -70.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2019 2020 2021
Labour productivity per hour worked (RM) Labour productivity per hour worked (%) Total hours worked (%)

LABOUR SCENARIO
By economic sector, Manufacturing posted a positive growth year-on-year for the measures of both labour
productivity per employment and labour productivity per hour worked at 5.9 per cent and 8.5 per cent respectively.
Likewise, Agriculture sector recorded a positive growth of labour productivity per employment (1.6%) and labour
productivity per hour worked (0.1%).
During the same quarter, the remaining three main sectors recorded declines in both measures of labour
productivity. Year-on-year, the value added per employment for Mining & Quarrying sector recorded a slight
decrease of 3.7 per cent (Q4 2020: -9.0%) while Services sector registered a decrease of 2.6 per cent
(Q4 2020: -4.9%). Construction sector posted a contraction of 8.2 per cent in labour productivity per employment
in this quarter.
For labour productivity as measured by value added per hour worked, Mining & Quarrying sector registered
a decrease of 2.1 per cent (Q4 2020: -6.2%). Labour productivity per hour worked for Services sector also
recorded a smaller decline of 1.7 per cent as compared to negative 2.7 per cent in Q4 2020. For Construction
sector, the labour productivity per hour worked declined further by 8.6 per cent (Q4 2020: -6.7%).
In overall, on quarterly basis, labour market scenario in Q1 2021 improved slightly as against the previous quarter.
Though the number of employed persons continued to increase marginally, the unemployment registered a rise
recording the unemployment rate above four per cent. On demand side, number of jobs decreased marginally
as filled jobs declined while vacancies posted a small increase. Total hours worked during the quarter also
dropped as against Q4 2020. Nonetheless, in comparisons with a year ago, labour market remained in a
challenging situation as it has not return to the way it was during pre-COVID time.
The recovery of the labour market situation in Malaysia may be more certain with the resumptions of most
business activities as well as the expansion of COVID-19 vaccination programme to a larger community.
However, as the daily infections countinue to climb up and subsequently with the implementation of MCO 3.0,
may cause some temporary interference to the labour market momentum. However, it is hoped that these
containment measures coupled with individuals and businesses adherence to SOP will bring the daily infections
to a manageable number. Additionally, as more people completed their vaccinations, might offer some relief and
increase business confidence and later could restore the labour market dynamics in the country.

PRICES
Consumer Price Index

The recovery in global oil prices and the reopening of the economic sectors have put inflationary pressures on
prices in March 2021. Inflation recorded an increase of more than 1.0 per cent for the first time after experiencing
negative inflation for 11 months from March 2020 to January 2021.
The CPI in March 2021 increased to 122.9 as against 120.9 in the corresponding month of the preceding
year. The increase in the overall index was attributed by the rise in Transport (9.8%); Food & Non-Alcoholic
Beverages (1.5%); Miscellaneous Goods & Services (1.0%); Furnishings, Household Equipment & Routine
Household Maintenance (0.9%); Alcohol Beverages & Tobacco (0.6%); Health (0.5%) and Recreation Services
& Culture (0.5%) which contributed 64.0 per cent to the overall weight (Chart 28).
Chart 28: Overall CPI, Food & Non-Alcoholic Beverages and Transport (Year-on-Year),
Chart 1: Overall CPI, Food & Non-Alcoholic Beverages and Transport (Year-on-Year),
March 2020 - March 2021
March 2020 – March 2021
Per cent (%)
10.0 9.8
5.0 1.7
1.5
0.0
-5.0
-10.0
-15.0
-20.0
-25.0
2020 2021
Overall CPI
Food & Non-Alcoholic Beverages
Transport
The index for Transport inclined 9.8 per cent in March 2021 to record 114.2 from 104.0 in March 2020
due to the average domestic fuel prices. The average price of Unleaded Petrol RON95 increased to
RM2.05 per litre as compared to RM1.74 previously, while the average price of Unleaded Petrol RON97
increased to RM2.42 per litre from RM2.04. In addition, the average price of Diesel increased to
RM2.15 per litre from RM1.89 as compared to the corresponding month of the preceding year (Chart 29).
Chart 29: Average PricePrice

Chart 2: Average ofofFuel, March
Fuel, March 2020
2020 - March 2021- March 2021
RM
3.00
2.50 2.42
2.15
2.00
2.05
1.50
1.00
2020 2021
Ron97 Ron95 Diesel
Similarly, Food & Non-Alcoholic Beverages which contributed 29.5 per cent of CPI weight has improved
1.5 per cent year-on-year to register 136.1 as against 134.1 (Table 7). This increase was driven by the rise in
subgroups of Fish & seafood (2.9%); Vegetables (2.8%); Food products not elsewhere classified (2.2%) and Oil
& fats (1.7%). Additionally, other subgroups that have also increased were Fruits (1.6%); Milk, cheese & eggs
(0.9%); Meat (0.7%) and Rice, bread & other cereals (0.6%).

PRICES
Table 1 : Subgroup of Food & Non-Alcoholic Beverages, March 2021
(Percentage Change)
Table 7: Subgroup of Food & Non-Alcoholic Beverages, March 2021 (Percentage Change)
Year-on-Year (%)
Main Groups Weight
March 2021
Food & Non-Alcoholic Beverages 29.5 1.5
Food 28.4 1.6
Food at Home 16.9 1.6
Rice, Bread & Other Cereals 3.5 0.6
Meat 2.5 0.7
Fish & Seafood 4.0 2.9
Milk, Cheese & Eggs 1.5 0.9
Oil & Fats 0.6 1.7
Fruits 1.2 1.6
Vegetables 2.1 2.8
Sugar, Jam, Honey, Chocolate & Confectionery 0.6 -0.4
Food Products n.e.c 1.0 2.2
Food Away From Home 11.5 1.4
Coffee, Tea, Cocoa & Non-Alcoholic Beverages 1.1 0.2
In the first quarter of 2021, the CPI increased 0.5 per cent to 122.5 as compared to 121.9 in the same quarter
of the previous year. The increase was contributed by the index of Food & Non-Alcoholic Beverages (1.5%) and
Miscellanous Goods & Services (1.5%) as shown in Chart 30.
On a quarterly basis, the CPI increased 1.8 per cent as compared to the fourth quarter of 2020.
Chart 3: Consumer Price Index (Year-on-Year), Q1 2020 - Q1 2021
Chart 30: Consumer Price Index (Year-on-Year), Q1 2020 – Q1 2021

Per cent (%)
3.0
2.0 1.5
1.0 1.5
0.5
0.0
-1.0
-2.0
-3.0
Q1 Q2 Q3 Q4 Q1
2020 2021
Overall CPI
Food & Non-Alcoholic Beverages
Miscellaneous Goods & Services
On a monthly basis, the index of the Fresh meat under the main group of Food & Non-Alcoholic Beverages
increased 2.3 per cent to 127.8 in March 2021 as compared to 124.9 in February 2021 (-1.8%). The index
for Chicken was the main contributor to the rise in this subgroup, registering an increase of 3.4 per cent
(March: 119.5; February: 115.6) following higher commodity prices of raw materials which consisted of soybeans
and corn imported from Argentina and Brazil.
The inflation rate is expected to increase due to the impact of the lower base index from the preceding year.
The launch of the National COVID-19 Immunisation Programme and the National Economic Regeneration Plan
(PENJANA) 2021 were also the contributing factors for the rise in household confidence to continue spending.

PRICES
Producer Price Index (PPI) Local Production

The Producer Price Index (PPI) for local production which measures the average change in the prices charged
by producers on goods of the industry continued to increase with a growth of 6.7 per cent in March 2021,
4.0 points higher than 2.7 per cent recorded last month. Based on the PPI record, this is the highest
increase since August 2017. The growth was driven by the increase in the Mining index which rebounded to
32.0 per cent as compared to a negative 11.0 per cent in the previous month. The Agriculture, forestry & fishing
index marked a new level of growth of 41.1 per cent following the increase in the prices of most commodities
during this month. Furthermore, the Manufacturing index also recorded an increase of 2.2 per cent due to higher
prices of production inputs based on petroleum and agricultural commodities. Meanwhile, Electricity & gas
supply and Water supply indices recorded a decline of 1.4 per cent and 0.1 per cent respectively
On a monthly basis, the PPI local production recorded an increase of 0.7 per cent in March 2021, down from
1.5 per cent in February 2021. All four indices continued its momentum of growth; Agriculture, forestry & fishing
(2.3%), Mining (1.0%), Electricity & gas supply (0.8%) and Manufacturing (0.6%). Meanwhile, the Water supply
index fell 0.2 per cent (Table 8).
Table 1: Producer Price Index Local Production
by Sector
Table 8: Producer Price Index Local Production by Sector
Percentage Change
Index
Sector Code Weight Year-on-year Month-on-month
Mar Jan Feb Mar Jan Feb Mar
2021 2021 2021 2021 2021 2021 2021
Total 100 109.6 -0.1 2.7 6.7 2.0 1.5 0.7
Agriculture, forestry & fishing A 6.7 143.1 22.6 35.0 41.1 3.0 2.2 2.3
Mining B 7.9 85.0 -28.3 -11.0 32.0 11.3 12.9 1.0

Manufacturing C 81.6 109.2 1.1 1.5 2.2 1.3 0.5 0.6
Electricity & gas supply D 3.4 116.8 -1.9 -1.9 -1.4 -0.1 0.3 0.8
Water supply E 0.3 111.7 0.5 0.8 -0.1 -0.2 -0.4 -0.2
If viewed in the context of the processing stage, the index of Crude materials for further processing
surged to 31.8 per cent from 10.0 per cent in February 2021 while the index of Intermediate materials,
supplies & components also increased 2.8 per cent. However, the Finished goods recorded a negative
0.2 per cent (Chart 31).
Chart 2: Producer Price Index by Stage of Processing (Year-on-Year)
Chart 31: Producer Price Index by Stage March
of Processing
2020 - March 2021 (Year-on-year), March 2020 - March 2021
Per cent (%)
40.0
31.8
30.0
20.0
10.0
2.8
0.0
-0.2
-10.0
-20.0
-30.0
2020 2021
Crude Materials For Futher Processing

Intermediate Materials, Supplies And Components
Finished Goods
The PPI local production for the first quarter of 2021 rose 3.0 per cent to 108.5 from 105.3 in the same quarter
of the previous year. The growth was due to the higher indices of Agriculture, forestry & fishing (32.6%),
Manufacturing (1.6%) and Water supply (0.4%). Meanwhile, the Mining and Electricity & gas supply indices
both recorded a decline of 7.3 per cent and 1.7 per cent respectively (Chart 32).

PRICES
Chart 3: Producer Price Index, Q1 2020 - Q1 2021
Chart 32: Producer Price Index, Q1 2020 - Q1 2021
Percent (%)
40.0 32.6
30.0
22.0
20.0 16.5
13.5
9.8
10.0 3.0
0.6 0.8 0.8 0.4 0.8 1.6 0.4
0.0
-0.7 -0.2 -1.1 -0.4 -1.7
-10.0 -4.9 -3.4 -2.9
-0.7 -1.1 -1.4 -1.0 -7.3
-11.0
-20.0
-30.0
-40.0
-38.0
-50.0 -43.1
-51.4
-60.0
Q1 Q2 Q3 Q4 Q1
2020 2021
PPI Agriculture, forestry & fishing

Mining Manufacturing
Electricity & gas supply Water supply
The increase in PPI local production is expected to continue in the second quarter of 2021. It can also be
observed that apart from Malaysia, other countries in the world have also recorded a significant year-on-year
growth in March 2021 such as the United States of America (4.2%) and the People’s Republic of China (4.4%)

WAY FORWARD
Although it has been sixteen months since the COVID-19 pandemic hit the world at the end of 2019, it is still
influencing the social and economic atmospheres of countries around the world. In fact, the pandemic has
evolved with more lethal variants, causing increased number of deaths worldwide. Thus, countries continued to
mobilise efforts in containing the spread of the virus and mitigating its adverse impact towards the socioeconomic
landscapes. These include various forms of temporary social and economic restrictions as and when necessary
to reduce the number of daily infection, as well as stimulus packages to soften the blow to the economy. We
may be wondering whether 2021 is the year for economic recovery? Many signs have pointed towards that,
but right now we are facing challenges in the recovery plan. As the global economic crisis surrounding the
COVID-19 pandemic is still very much in the news, the world is grappling with the uncertainties of new cases
occurring daily.
Nevertheless, the global economic prospects in the first quarter of 2021 remained optimistic with positive trends
observed in the GDP of most countries such as United States and especially in the Asian Region namely China,
Taiwan and South Korea. Meanwhile, the ASEAN countries like Singapore, Indonesia and the Philippines
showed signs of improvements in the first quarter of 2021. Similarly, Malaysia’s GDP also indicated recovery,
recording marginal decline of 0.5 per cent in the quarter as opposed to a decline of 3.4 per cent in the previous
quarter.
As for balance of payments, Malaysia maintained a current account surplus in the first quarter of 2021 to register
RM12.3 billion, contributed by a favourable performance in Goods where both exports and imports trended up
to record RM225.5 billion and RM188.9 billion respectively. This was in line with Malaysia’s trade performance
during the quarter where exports recorded a significant increase of 18.2 per cent and imports recovered to
10.8 per cent from a decline of 4.5 per cent in the last quarter. Most interestingly, both trade and balance
of payments registered high export figures to China, United States and Singapore which were some of the
countries with most improved economic performances.
In the month of March 2021, Malaysia’s Industrial Production Index posted 9.3 per cent as compared to
the same month of the previous year, the highest growth since July 2013. Driven by global demand and
higher commodity prices, the resilient Manufacturing sector continued to strive where the Manufacturing IPI
recorded 12.7 per cent, supported by the rise in both exports and domestic-oriented outputs. The increase
to export-oriented output was predominantly attributed by the Manufacture of Rubber, Computer, electronic
& optical as well as Chemicals and chemical products. Accordingly, Manufacturing sales posted the largest
year-on-year growth after 44 months at 15.3 per cent driven by Transport equipment & other manufactures
products, Electrical & electronics products and Food, beverages & tobacco products. The performance of the
Services sector indicated improvement with the revenue declined at a slower pace of 2.1 per cent compared to
a fall of 5.1 per cent in the previous quarter. The Volume Index of the sector registered a smaller decrease of
2.1 per cent as opposed to negative 7.1 per cent in the fourth quarter of 2020.
With regards to prices, CPI increased 1.7 per cent year-on-year in March 2021 after returning to positive
inflation last month. This was the first time the CPI rose more than 1.0 per cent after posting declines for eleven
consecutive months. PPI also recorded an increase of 6.7 per cent in March 2021, the highest growth since
August 2017. The increase was attributed by the rise in the Mining index and Agriculture, forestry & fishing index
which benefited from higher prices of most commodities this month. This was also in accordance with the surge
in palm oil and rubber prices.
Amidst targeted measures to manage the prolonged public health crisis in the county, Malaysia’s Labour
market experienced uneven recovery momentum in the first quarter of 2021 where employed persons declined
marginally by 7 thousand to 15.24 million persons. Meanwhile, unemployed persons remained high with an
addition of 225 thousand year-on-year to 772 thousand unemployed persons, posting the unemployment rate
of 4.8 per cent.

WAY FORWARD
Since it may take some time for things to be back to normal, adapting to a new normal should be the priority as
we move forward. To ensure some form of normalcy, everybody should be on board of the National COVID-19
Immunisation Programme which was launched in February this year. The vaccination programme is an approach
to achieve herd immunity against COVID-19 among the country’s population. If the vaccination programme
goes as planned, it will be a driving force to boost the economy as it will bring down the rising cases of the
COVID-19 and regain the economic growth momentum.
The public health situation in Malaysia has been challenging since the number of daily infections is showing
no sign of coming down anytime soon. Considering this, the MCO 3.0 has been implemented nationwide to
reduce the number of active cases and subsequent fatalities due to this pandemic in Malaysia. Further to this,
the Leading Index (LI) for March 2021 chalked up strong growth at 17.3 per cent, particularly due to the low
base effect of March 2020 following a nationwide lockdown and the better performance of LI components.
Taken together the performance of LI and the current state of COVID-19 outbreak, it is seen that the near term
economic prospect is encouraging but prevailing persist. Thus, it is each and everyone’s responsibility to ease
the pandemic situation in our country by registering and undergoing the vaccination programmes as well as
strict compliance to SOPs outlined by the Government.

ECONOMIC
INDICATORS
ECONOMIC INDICATORS - MONTHLY
INDICATORS 2020 2021

UNIT DATA SOURCE
(Value) Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
1.0 GROSS DOMESTIC PRODUCT
1.1 Constant 2015 Prices RM Million - - - - - - - - - - - - - Department of Statistics, Malaysia
2.0 COMMODITIES
2.1 RUBBER
2.1.1 Production
- Rubber Tonne 34,505.5 34,615.5 21,043.7 33,530.6 41,801.2 44,543.0 46,187.1 49,942.9 42,553.9 49,825.2 45,734.7 49,840.0 36,068.3 Department of Statistics, Malaysia
2.1.2 Prices
- SMR 20 RM/Kg 5.17 4.73 4.70 4.84 4.98 5.39 5.59 6.22 6.33 6.29 6.29 6.73 7.08 Malaysian Rubber Board
- Scrap RM/Kg 3.88 3.29 3.27 3.41 3.55 3.96 4.20 4.77 4.93 4.92 4.87 5.22 5.83 Malaysian Rubber Board
- Field Latex RM/Kg 4.64 4.33 4.28 4.83 4.92 4.87 5.06 6.04 7.19 6.65 6.33 6.44 7.30 Malaysian Rubber Board
- Latex Concentrate RM/Kg 4.36 4.13 4.32 4.80 4.67 4.68 4.85 5.76 6.21 5.83 5.50 5.88 6.80 Malaysian Rubber Board
2.1.3 Exports
- # Tonne
Natural Rubber 45,198.0 40,596.5 33,780.0 38,586.8 45,386.0 42,657.9 48,720.2 54,492.4 56,522.1 61,546.7 48,125.3 54,632.2 58,851.9 Department of Statistics, Malaysia
2.2 OIL PALM
2.2.1 Exports
- Palm Oil Product Tonne 1,983,290.0 1,857,869.0 2,053,156.0 2,599,814.0 2,582,108.0 2,445,515.0 2,468,009.0 2,542,681.0 2,054,517.0 2,458,778.0 1,610,156.0 1,512,570.0 1,807,772.0 Malaysian Palm Oil Board
- Palm Oil Tonne 1,184,973.0 1,236,478.0 1,369,351.0 1,706,635.0 1,783,284.0 1,578,075.0 1,612,155.0 1,674,380.0 1,303,807.0 1,642,835.0 947,539.0 900,339.0 1,188,697.0 Malaysian Palm Oil Board
- Palm Kernel Oil Tonne 77,481.0 84,118.0 75,049.0 96,201.0 100,584.0 102,379.0 134,714.0 140,640.0 91,747.0 145,551.0 69,397.0 64,561.0 93,223.0 Malaysian Palm Oil Board
2.3 CRUDE PETROLEUM
2.3.1 Prices
- Crude Oil, Brent USD/Barrel 32.98 23.34 31.02 39.93 42.81 44.26 41.09 40.47 43.23 49.87 54.55 61.96 65.19 World Bank
- Crude Oil, WTI USD/Barrel 29.88 16.52 28.56 38.30 40.75 42.36 39.60 39.53 41.10 47.05 52.10 59.06 62.35 World Bank
2.3.2 Exports
- # '000 Tonne
Crude Petroleum 1,200.5 799.2 777.4 931.4 1,552.1 1,626.2 1,249.8 778.0 1,244.7 1,090.0 1,027.6 758.1 927.2 Department of Statistics, Malaysia
- # '000 Tonne
Petroleum Products 3,704.7 3,397.2 2,856.1 3,097.4 3,581.5 2,602.0 2,022.7 2,676.1 2,613.2 3,154.3 2,230.7 3,617.4 1,973.1 Department of Statistics, Malaysia
2.3.3 Imports
- # '000 Tonne
Crude Petroleum 2,158.0 766.2 695.4 678.3 1,449.3 846.2 534.2 919.0 528.8 568.9 580.7 489.6 259.6 Department of Statistics, Malaysia
# '000 Tonne
- Petroleum Products 3,155.1 2,762.0 1,972.2 3,606.0 3,210.2 2,581.2 5,026.9 3,401.2 3,056.1 2,931.2 2,567.6 3,950.0 2,583.3 Department of Statistics, Malaysia
2.4 LIQUIFIED NATURAL GAS (LNG)
2.4.1 Exports
- Liquified Natural Gas # '000 Tonne 2,213.9 1,884.6 1,553.0 1,721.7 1,977.1 2,046.1 1,938.4 1,883.3 1,790.9 2,679.3 2,148.7 2,545.4 2,161.2 Department of Statistics, Malaysia
3.0 SECTOR
3.1 MANUFACTURING
3.1.1 Industrial Production Index Point 113.8 73.1 92.8 127.1 127.4 124.7 127.3 127.4 123.7 127.8 127.5 120.1 128.3 Department of Statistics, Malaysia
3.1.2 Sales RM '000 110,091,395.0 75,754,208.7 89,477,287.8 116,788,910.8 119,161,841.4 118,446,194.1 121,220,212.8 122,003,536.7 119,872,080.2 124,571,490.9 122,886,624.5 118,412,460.2 126,935,039.3 Department of Statistics, Malaysia
3.1.3 Exports # RM '000 67,621,737.1 55,374,761.6 54,208,078.5 72,475,135.7 80,978,664.0 68,555,693.1 77,984,975.0 79,936,576.4 74,416,708.6 81,961,118.5 79,362,319.2 76,322,012.3 91,856,904.7 Department of Statistics, Malaysia
3.2 CONSTRUCTION
Issuance of Developer License, Sales Permit and Housing
3.2.1 Advertisement (New Permit) Unit 58 9 26 77 67 91 71 82 38 73 73 70 109 National Housing Department

3.2.2 Advertisement (Renewals Permit) Unit 191 113 182 225 268 221 201 231 161 187 199 201 271 National Housing Department
3.2.3 Prices
- Steel RM per Tonne 2,387.04 2,387.04 2,387.04 2,384.01 2,384.01 2,376.60 2,376.60 2,376.60 2,376.60 2,384.34 2,388.02 2,391.57 2,427.91 Ministry of Works
- Cement RM per 50 Kg Bag 17.65 17.66 17.75 17.78 17.83 17.83 17.80 17.74 17.77 17.86 17.83 17.86 17.97 Ministry of Works
3.3 MINING AND QUARRYING

3.3.1 Industrial Production Index Point 98.6 79.8 80.1 82.0 85.7 85.9 82.4 88.6 88.0 97.5 99.2 90.3 96.7 Department of Statistics, Malaysia
3.4 UTILITIES
3.4.1 Electricity
- Local Generation
Tenaga Nasional Berhad, Sabah
p Million Kilowatt- Electricity Sdn. Bhd., Sarawak
a. Public Installations 13,186.2 11,376.8 12,947.4 12,976.7 13,544.2 13,937.5 13,403.1 13,950.6 13,120.3 13,514.2 13,219.5 12,458.3 14,476.6
Hours Energy Berhad, Independent Power
Producer
Million Kilowatt- Electricity Sdn. Bhd., Sarawak
b. Private Installations p 194.9 185.7 176.9 174.2 177.8 175.8 176.6 186.3 171.8 181.7 189.3 189.8 190.1
Note: Hours Energy Berhad, Independent
Power Producer
p preliminary
1 latest data until December 2020
# provisional data based on External Trade Publications March 2021 MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 46
n.a. not available
46
- not applicable
Note
p preliminary
# provisional data based on External Trade Publications March 2021

DATA SOURCE
Annual Percentage Change (%) Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
1.1 Constant 2015 Prices -5.9 -28.8 -19.7 -3.3 -2.8 -3.5 -1.8 -4.3 -4.0 -2.1 -3.5 -3.6 6.0 Department of Statistics, Malaysia
2.0 COMMODITIES
2.1 RUBBER
2.1.1 Production
- Rubber -31.1 2.0 -52.7 -8.9 -30.4 -22.7 -25.2 2.9 -19.7 -14.7 -31.0 -0.1 4.5 Department of Statistics, Malaysia
2.1.2 Prices
- SMR 20 -12.7 -23.0 -24.9 -22.4 -14.3 -0.7 1.3 15.9 11.8 5.6 6.5 22.4 36.8 Malaysian Rubber Board
- Scrap -14.3 -29.4 -31.4 -29.2 -21.3 -3.5 1.9 19.4 17.0 8.7 7.9 25.8 50.4 Malaysian Rubber Board
- Field Latex -5.4 -21.5 -18.0 -9.3 -3.0 3.0 9.8 37.7 56.3 37.3 27.7 35.3 57.4 Malaysian Rubber Board
- Latex Concentrate -8.0 -16.7 -10.7 -3.4 -1.8 6.5 10.6 35.2 40.8 28.1 19.6 28.6 56.0 Malaysian Rubber Board
2.1.3 Exports
- #
Natural Rubber -15.1 -27.4 -40.6 -29.3 -32.5 -23.7 1.4 7.7 19.0 21.8 5.0 5.4 30.2 Department of Statistics, Malaysia
2.2 OIL PALM
2.2.1 Exports
- Palm Oil Product -19.8 -19.5 -20.4 20.7 10.2 -3.5 13.7 1.2 -4.8 12.0 -17.9 -11.9 -8.8 Malaysian Palm Oil Board
- Palm Oil -26.9 -25.3 -20.2 22.2 20.0 -9.1 14.4 2.0 -7.2 17.5 -21.9 -17.4 0.3 Malaysian Palm Oil Board
- Palm Kernel Oil -4.0 -6.4 -22.2 9.5 15.8 9.5 54.6 38.7 2.1 57.5 -28.7 -12.7 20.3 Malaysian Palm Oil Board
2.3 CRUDE PETROLEUM
2.3.1 Prices
- Crude Oil, Brent -50.3 -67.2 -56.0 -36.9 -33.1 -25.3 -34.1 -31.8 -31.1 -24.3 -14.2 12.7 97.7 World Bank
- Crude Oil, WTI -48.6 -74.1 -53.1 -30.0 -29.2 -22.8 -30.5 -26.8 -28.0 -21.3 -9.4 16.9 108.7 World Bank
2.3.2 Exports
- #
Crude Petroleum 2.0 -10.0 -29.6 -31.9 68.6 73.6 75.8 -13.1 16.3 -5.8 5.2 -3.4 -22.8 Department of Statistics, Malaysia
- #
Petroleum Products 60.4 24.0 14.7 29.3 46.6 3.7 -6.9 17.6 7.1 13.5 -17.2 58.7 -46.7 Department of Statistics, Malaysia
2.3.3 Imports
- #
Crude Petroleum 96.2 -42.9 -42.2 -26.5 5.5 4.5 -54.7 20.5 -0.7 -55.1 -67.2 -53.0 -88.0 Department of Statistics, Malaysia
#
- Petroleum Products 11.8 -6.9 -30.8 47.7 32.7 13.6 83.5 31.7 -12.4 17.3 0.5 33.0 -18.1 Department of Statistics, Malaysia
2.4.1 Exports
- Liquified Natural Gas # 0.0 -17.3 -20.6 -10.2 -8.2 11.7 -0.7 -18.1 -14.8 15.4 -16.9 16.6 -2.4 Department of Statistics, Malaysia
3.0 SECTOR
3.1 MANUFACTURING
3.1.1 Industrial Production Index -4.1 -37.2 -22.6 4.7 2.9 2.2 4.3 2.4 2.0 4.1 3.5 4.5 12.7 Department of Statistics, Malaysia
3.1.2 Sales -3.0 -33.0 -20.4 4.2 1.9 1.6 3.7 2.2 2.1 4.5 4.1 6.4 15.3 Department of Statistics, Malaysia
3.1.3 Exports # -6.2 -24.4 -23.8 13.1 4.7 -0.1 16.3 2.5 8.2 12.4 11.7 20.9 35.8 Department of Statistics, Malaysia
3.2 CONSTRUCTION
3.2.1 Advertisement (New Permit) -32.6 -90.6 -72.3 32.8 -44.6 -9.0 2.9 -32.8 -69.6 -12.0 -25.5 -34.6 87.9 National Housing Department

3.2.2 Advertisement (Renewals Permit) 29.9 -5.8 31.9 81.5 43.3 8.3 51.1 5.5 -15.3 28.1 -13.1 9.8 41.9 National Housing Department
3.2.3 Prices
- Steel 0.2 0.3 0.3 0.2 0.2 -0.1 -0.1 -0.1 -0.1 0.2 0.4 0.2 1.7 Ministry of Works
- Cement 3.0 3.0 3.5 3.7 3.7 3.4 2.9 2.4 2.6 2.9 1.9 1.4 1.8 Ministry of Works

3.3.1 Industrial Production Index -7.3 -20.2 -22.8 -17.0 -2.6 -8.2 -10.2 -11.3 -16.4 -5.4 -4.5 -6.0 -1.9 Department of Statistics, Malaysia
3.4 UTILITIES
3.4.1 Electricity
- Local Generation
p Electricity Sdn. Bhd., Sarawak
a. Public Installations -8.7 -19.8 -10.8 -2.9 -5.4 -1.7 -2.8 0.2 -3.0 -0.7 -4.5 -5.8 9.8
Energy Berhad, Pengeluar Tenaga
Bebas
Electricity Sdn. Bhd., Sarawak
b. Private Installations p 7.2 3.4 -4.5 -4.8 -0.1 -0.4 -0.4 1.5 -10.3 -5.3 -4.4 0.7 -2.5
Note: Energy Berhad, Pengeluar Tenaga
Bebas
p preliminary
47
n.a. not available
- not applicable
Note
p preliminary

UNIT DATA SOURCE
- Local Consumption
a. Industrial, Commercial and Mining 8,663.1 7,077.2 7,467.5 8,553.2 9,195.6 9,386.6 9,350.9 9,600.3 8,991.0 9,209.4 9,032.8 8,426.4 9,498.7
Hours Energy Berhad, Independent
Power Producer

b. Domestic and Public Lighting 2,894.2 3,144.8 3,953.9 3,022.5 3,009.4 2,994.5 2,906.0 2,978.5 2,948.0 2,824.9 3,052.0 3,108.8 3,082.0
Hours Energy Berhad, Independent
Power Producer
3.5 SERVICES
3.5.1 Wholesale & Retail Trade
3.5.2 Volume Index
- Wholesale Trade Index Point 123.8 88.5 99.1 119.8 121.5 127.5 131.6 133.5 128.9 130.8 131.8 125.1 126.6 Department of Statistics, Malaysia
- Retail Trade Index Point 126.8 82.6 109.7 130.4 138.8 139.0 136.1 135.6 138.9 145.3 142.7 138.1 138.9 Department of Statistics, Malaysia
- Motor Vehicle Index Point 89.3 6.3 54.6 103.8 116.5 112.3 112.2 105.4 105.7 108.9 92.6 98.2 123.3 Department of Statistics, Malaysia
3.5.3 Motor Vehicle
- Vehicle Production
a. Passenger Unit 21,087 240 12,022 43,405 44,828 47,934 49,966 55,063 50,894 51,917 36,186 41,301 58,102 Malaysian Automotive Association
b. Commercial Unit 1,570 35 264 1,639 2,803 2,294 2,021 3,568 3,938 3,943 3,480 3,898 4,119 Malaysian Automotive Association
c. Total Unit 22,657 275 12,286 45,044 47,631 50,228 51,987 58,631 54,832 55,860 39,666 45,199 62,221 Malaysian Automotive Association
- Vehicle Sales
a. Passenger Unit 20,260 131 20,456 40,944 52,119 47,591 51,422 51,795 51,174 62,122 28,872 37,923 56,478 Malaysian Automotive Association
b. Commercial Unit 2,218 10 2,504 3,751 5,433 5,209 5,022 4,875 5,315 6,714 3,957 4,861 7,400 Malaysian Automotive Association
c. Total Unit 22,478 141 22,960 44,695 57,552 52,800 56,444 56,670 56,489 68,836 32,829 42,784 63,878 Malaysian Automotive Association
Road Transport Department
- New Vehicles Registration Number 59,315 1,570 59,820 102,147 125,666 111,514 122,867 121,889 117,630 130,146 98,085 102,689 157,542
Malaysia
3.5.4 Tourism
- Tourist Arrivals 1 Number 671,084 7,546 5,411 6,585 18,660 11,631 16,131 11,315 11,420 10,568 n.a n.a n.a Tourism Malaysia
3.5.5 Finance
I Money Supply
- M1 RM Million 461,694.5 466,194.3 479,419.8 488,233.2 497,168.9 502,304.0 513,225.7 519,417.5 525,825.2 523,662.9 535,211.3 541,111.6 549,566.7 Central Bank of Malaysia
- M2 RM Million 1,960,826.9 1,986,579.5 2,000,159.8 2,014,091.4 2,024,041.6 2,026,995.3 2,033,284.5 2,030,760.7 2,031,849.1 2,037,481.1 2,043,093.5 2,055,567.1 2,083,780.5 Central Bank of Malaysia
- M3 RM Million 1,968,375.0 1,994,098.6 2,006,707.6 2,019,910.8 2,029,668.0 2,031,377.1 2,038,661.6 2,036,415.9 2,035,491.7 2,040,993.9 2,045,652.1 2,058,722.7 2,088,401.6 Central Bank of Malaysia
II Total Loans in Banking System RM Million 1,783,587.8 1,785,015.5 1,789,165.1 1,799,837.1 1,806,086.4 1,814,666.0 1,824,120.7 1,826,556.1 1,825,158.1 1,831,156.6 1,838,270.5 1,840,141.8 1,853,615.9 Central Bank of Malaysia
- Commercial Banks RM Million 1,159,220.2 1,159,471.8 1,160,302.1 1,161,464.1 1,159,093.5 1,162,032.4 1,165,459.4 1,163,910.3 1,160,363.0 1,162,791.6 1,167,016.7 1,165,719.0 1,174,862.6 Central Bank of Malaysia
- Islamic Banks RM Million 618,050.4 619,096.9 622,394.3 631,742.5 640,193.1 645,405.1 651,350.4 655,503.5 657,281.3 660,830.8 663,781.5 666,701.3 670,910.5 Central Bank of Malaysia
- Merchant Banks RM Million 6,317.2 6,446.8 6,468.7 6,630.5 6,799.8 7,228.5 7,310.9 7,142.4 7,513.9 7,534.2 7,472.3 7,721.6 7,842.8 Central Bank of Malaysia
III Total Deposits Banking System RM Million 2,009,948.9 2,019,540.1 2,017,510.2 2,045,785.0 2,053,677.8 2,061,913.6 2,076,580.1 2,071,404.8 2,067,539.6 2,089,311.8 2,085,333.8 2,097,196.0 2,129,222.1 Central Bank of Malaysia
- Commercial Banks RM Million 1,381,635.0 1,385,671.8 1,387,826.5 1,399,879.4 1,409,886.6 1,412,246.9 1,417,083.2 1,412,546.5 1,402,682.1 1,419,120.6 1,408,214.3 1,413,010.6 1,427,335.7 Central Bank of Malaysia
Fixed Deposits, Tawarruq Fixed Deposits, Special
IV RM Million 992,019.2 988,327.1 984,279.2 990,468.2 984,130.2 985,947.7 985,552.7 971,827.1 968,185.6 966,528.5 957,835.7 957,891.2 962,071.0 Central Bank of Malaysia
and General Investment Deposits
- Commercial Banks RM Million 589,186.3 587,448.1 590,238.5 588,657.4 587,788.8 586,328.7 588,252.5 584,143.9 577,602.9 573,261.5 567,780.0 565,109.2 559,982.5 Central Bank of Malaysia
V Savings Deposits RM Million 182,362.4 192,707.2 196,447.0 199,549.7 203,253.5 202,819.5 206,825.4 210,322.8 211,692.1 212,340.7 218,820.0 223,182.3 227,865.2 Central Bank of Malaysia
- Commercial Banks RM Million 131,934.8 137,678.4 140,576.9 143,138.6 145,717.7 145,746.6 148,421.6 150,835.8 151,917.6 152,810.5 155,995.6 158,583.2 161,261.6 Central Bank of Malaysia
VI Overnight Policy Rate (OPR) Basis Point 2.50 2.50 2.00 2.00 1.75 1.75 1.75 1.75 1.75 1.75 1.75 1.75 1.75 Central Bank of Malaysia
VII Average Lending/ Financing Rate
- Commercial Banks % 4.40 4.26 4.01 3.89 3.70 3.64 3.64 3.53 3.51 3.51 3.44 3.49 3.47 Central Bank of Malaysia
- Islamic Banks % 4.83 4.72 4.44 4.35 4.22 4.16 4.16 4.11 4.15 4.16 4.10 4.13 4.08 Central Bank of Malaysia
- Merchant Banks % 6.36 6.28 6.16 6.10 5.92 5.90 5.85 5.90 5.76 5.86 5.75 5.77 5.77 Central Bank of Malaysia
VIII Base Lending Rate (BLR) Commercial Banks % 6.26 6.26 5.78 5.75 5.52 5.49 5.49 5.49 5.49 5.49 5.49 5.49 5.49 Central Bank of Malaysia
IX Base Financing Rate (BFR) Islamic Banks % 6.32 6.30 5.80 5.80 5.57 5.55 5.55 5.55 5.55 5.55 5.55 5.55 5.55 Central Bank of Malaysia
Note:
p preliminary
n.a. not available
48
- not applicable
Note
p preliminary

DATA SOURCE
- Local Consumption
a. Industrial, Commercial and Mining -13.4 -29.1 -25.0 -8.3 -7.3 -5.0 -2.8 -2.7 -6.1 -4.6 -6.0 -8.6 9.6
Bebas

b. Domestic and Public Lighting 5.3 6.3 39.6 6.7 5.9 5.3 6.3 11.2 11.6 3.7 6.2 8.2 6.5
Bebas
3.5 SERVICES
3.5.2 Volume Index
- Wholesale Trade Index -2.5 -27.5 -23.3 -7.7 -4.0 -3.4 -3.2 -0.8 -0.3 -0.4 -0.1 0.2 2.3 Department of Statistics, Malaysia
- Retail Trade Index -7.5 -36.0 -18.0 -11.2 -5.2 -2.5 1.0 -2.8 -3.1 -2.9 -3.3 -2.4 9.6 Department of Statistics, Malaysia
- Motor Vehicle Index -14.4 -93.6 -49.9 -4.6 1.8 0.9 15.1 1.7 0.5 6.0 -11.3 -1.1 38.0 Department of Statistics, Malaysia
3.5.3 Motor Vehicle
a. Passenger -54.4 -99.5 -75.2 24.9 -2.0 8.0 17.9 5.5 17.5 28.9 -14.9 9.0 175.5 Malaysian Automotive Association
b. Commercial -54.3 -99.0 -91.1 -29.4 -11.4 -13.0 -26.0 -0.4 22.4 30.3 20.5 57.3 162.4 Malaysian Automotive Association
c. Total -54.4 -99.5 -76.1 21.5 -2.6 6.9 15.3 5.1 17.9 29.0 -12.7 12.0 174.6 Malaysian Automotive Association
- Vehicle Sales
a. Passenger -59.6 -99.7 -63.4 6.1 12.8 1.7 27.7 5.7 7.2 26.0 -26.7 1.5 178.8 Malaysian Automotive Association
b. Commercial -52.6 -99.8 -48.5 -6.5 16.5 19.9 14.2 -0.2 10.0 21.5 12.0 30.4 233.6 Malaysian Automotive Association
c. Total -59.0 -99.7 -62.2 5.0 13.2 3.2 26.4 5.2 7.4 25.5 -23.0 5.9 184.2 Malaysian Automotive Association
Road Transport Department
- New Vehicles Registration -47.0 -98.6 -49.9 26.6 11.2 3.4 28.0 12.1 14.8 15.9 -7.5 -2.0 165.6
Malaysia
3.5.4 Tourism
- Tourist Arrivals 1 -71.3 -99.7 -99.7 -99.7 -99.2 -99.5 -99.2 -99.4 -99.4 -99.5 n.a n.a n.a Tourism Malaysia
3.5.5 Finance
I Money Supply
- M1 7.9 9.6 10.3 13.1 15.7 17.8 18.2 19.2 20.0 15.7 19.1 21.8 19.0 Central Bank of Malaysia
II Total Loans in Banking System 4.0 4.0 3.9 4.1 4.5 4.4 4.4 4.3 3.8 3.4 3.8 3.7 3.9 Central Bank of Malaysia
- Commercial Banks 2.3 2.6 2.4 2.3 2.2 2.0 2.0 1.9 1.2 0.8 1.4 1.2 1.3 Central Bank of Malaysia
- Islamic Banks 7.4 7.0 6.9 7.7 8.8 8.8 8.8 8.8 8.5 8.1 8.3 8.3 8.6 Central Bank of Malaysia
- Merchant Banks -5.1 -3.3 -2.7 -0.8 2.0 6.9 8.9 3.9 9.2 8.8 9.0 8.8 24.2 Central Bank of Malaysia
III Total Deposits Banking System 2.7 2.8 2.8 4.4 4.5 4.5 5.2 4.4 4.4 4.4 5.0 5.2 5.9 Central Bank of Malaysia
- Merchant Banks -11.8 -11.6 -14.8 -15.7 -7.5 -7.9 -3.4 0.3 1.2 -5.5 -2.6 -5.2 1.4 Central Bank of Malaysia
Fixed Deposits, Tawarruq Fixed Deposits, Special
IV -0.3 -1.5 -1.3 -1.0 -1.5 -2.1 -2.7 -3.9 -3.4 -3.6 -4.6 -5.0 -3.0 Central Bank of Malaysia
and General Investment Deposits
- Commercial Banks -0.9 -1.1 -0.2 -0.1 0.4 -0.3 0.1 -0.7 -1.5 -2.4 -4.0 -4.6 -5.0 Central Bank of Malaysia
- Islamic Banks 1.1 -2.3 -2.9 -2.1 -4.4 -4.8 -6.8 -8.6 -6.3 -5.2 -5.5 -5.4 0.0 Central Bank of Malaysia
- Merchant Banks -7.3 -0.9 -4.9 -7.0 0.9 3.5 -0.7 1.8 2.5 -7.0 -4.5 -9.5 -4.1 Central Bank of Malaysia
V Savings Deposits 12.8 17.3 18.0 21.0 22.6 21.4 23.8 25.6 25.8 24.9 26.6 27.2 25.0 Central Bank of Malaysia
VI Overnight Policy Rate (OPR) - - - - - - - - - - - - - Central Bank of Malaysia
VII Average Lending/ Financing Rate
- Commercial Banks - - - - - - - - - - - - - Central Bank of Malaysia
- Islamic Banks - - - - - - - - - - - - - Central Bank of Malaysia
- Merchant Banks - - - - - - - - - - - - - Central Bank of Malaysia
VIII Base Lending Rate (BLR) Commercial Banks - - - - - - - - - - - - - Central Bank of Malaysia
IX Base Financing Rate (BFR) Islamic Banks - - - - - - - - - - - - - Central Bank of Malaysia
Note:
p preliminary
49
n.a. not available
- not applicable
Note
p preliminary

UNIT DATA SOURCE
X Savings Deposits Interest Rate
- Commercial Banks % 0.78 0.77 0.61 0.59 0.48 0.48 0.48 0.48 0.48 0.48 0.47 0.47 0.46 Central Bank of Malaysia
- Islamic Banks % 0.53 0.52 0.45 0.43 0.38 0.36 0.36 0.36 0.37 0.37 0.34 0.33 0.36 Central Bank of Malaysia
XI Loans Approved by Sector
- Primary Agriculture RM Million 287.8 205.6 349.5 146.5 292.1 388.7 238.6 183.2 650.1 875.5 585.1 172.3 245.8 Central Bank of Malaysia
- Mining & Quarrying RM Million 92.9 46.7 500.8 159.2 35.4 37.2 246.4 30.0 52.2 29.2 32.6 30.1 138.1 Central Bank of Malaysia
- Manufacturing RM Million 3,134.1 2,388.0 2,115.7 3,363.8 2,433.1 1,556.1 1,831.5 2,633.0 3,697.6 2,475.5 2,195.6 2,116.8 2,303.2 Central Bank of Malaysia
- Services RM Million 6,554.6 8,727.1 6,331.4 8,797.0 6,140.9 6,421.1 8,514.6 6,354.9 6,135.4 8,528.1 5,770.1 4,190.2 9,654.4 Central Bank of Malaysia
- Construction RM Million 1,746.8 824.0 1,198.9 1,581.4 2,270.0 1,999.5 2,309.6 2,041.9 2,399.4 1,345.2 1,171.0 1,135.7 1,621.5 Central Bank of Malaysia
- Real Estate RM Million 1,737.4 1,334.5 1,060.6 1,714.9 996.8 1,026.5 874.0 1,857.1 1,206.5 1,783.8 1,540.4 1,012.8 1,234.2 Central Bank of Malaysia
- Household Sector RM Million 13,870.6 4,321.9 6,602.6 13,862.2 19,311.3 19,215.9 21,158.9 21,072.2 19,994.7 18,558.7 17,130.0 15,564.5 21,593.0 Central Bank of Malaysia
- Other Sector RM Million 104.8 344.7 26.4 618.7 511.2 57.3 120.7 21.7 25.5 97.0 86.0 110.1 102.3 Central Bank of Malaysia
- Total RM Million 27,529.1 18,192.5 18,185.8 30,243.7 31,990.8 30,702.4 35,294.2 34,194.0 34,161.4 33,693.0 28,510.7 24,332.5 36,892.6 Central Bank of Malaysia
XII Loans Disbursed by Sector
- Primary Agriculture RM Million 3,391.6 3,060.1 2,832.6 3,137.6 3,364.9 2,964.2 3,080.0 2,895.9 3,306.2 3,541.0 4,022.9 3,932.7 5,519.0 Central Bank of Malaysia
- Mining & Quarrying RM Million 662.4 543.7 442.1 285.5 354.8 289.1 365.2 514.8 409.9 567.2 469.2 490.6 2,556.9 Central Bank of Malaysia
- Manufacturing RM Million 21,756.5 20,858.2 19,559.7 22,116.2 20,496.8 18,274.7 20,562.8 20,859.1 21,070.6 25,937.6 25,062.3 23,111.7 29,199.6 Central Bank of Malaysia
- Services RM Million 38,586.1 27,876.1 27,255.5 37,287.1 32,867.2 27,403.0 32,189.2 32,660.3 30,798.9 37,532.1 39,592.9 33,962.8 47,095.6 Central Bank of Malaysia
- Construction RM Million 7,172.5 5,020.9 4,710.7 6,614.0 6,040.1 5,075.7 7,026.4 6,535.7 6,377.8 9,223.2 7,229.0 6,723.5 8,630.1 Central Bank of Malaysia
- Real Estate RM Million 4,700.2 2,796.5 2,635.0 3,784.2 3,434.2 3,112.0 3,821.7 4,221.3 3,332.9 4,540.0 3,805.9 3,397.9 4,245.4 Central Bank of Malaysia
- Other Sector RM Million 2,943.1 2,723.8 2,458.7 3,783.9 2,460.1 2,676.9 3,613.0 3,697.3 3,873.3 4,982.7 4,622.6 3,755.7 4,667.8 Central Bank of Malaysia
- Total RM Million 103,667.1 74,486.0 76,596.2 102,556.1 100,004.1 89,194.1 100,894.1 101,253.0 98,862.9 119,533.1 113,647.5 101,950.7 134,330.8 Central Bank of Malaysia
XIII Loans Disbursed by Purpose
- Purchase of Passenger Cars RM Million 2,431.1 147.8 1,143.0 2,424.6 4,135.3 3,825.6 4,224.8 4,390.7 4,212.7 4,411.6 3,900.6 3,443.2 4,934.5 Central Bank of Malaysia
- Personal Uses RM Million 2,978.0 1,107.8 1,312.8 2,388.4 2,848.0 2,815.1 2,998.7 3,230.8 2,980.4 3,086.3 2,663.0 2,692.0 2,833.4 Central Bank of Malaysia
- Credit Cards RM Million 10,103.2 6,543.8 9,116.9 10,738.3 11,980.2 12,037.2 11,889.8 11,078.1 11,206.0 13,526.7 11,558.6 10,179.2 12,875.9 Central Bank of Malaysia
- Purchase of Consumer Durable Goods RM Million 1.7 1.5 1.4 2.3 1.4 2.0 2.9 2.9 2.5 1.6 1.3 2.4 36.6 Central Bank of Malaysia
- Outstanding Loans to the Construction Sector RM Million 93,176.8 92,886.7 93,075.0 93,253.8 92,093.1 92,284.1 93,085.6 93,147.5 93,287.3 94,684.3 93,912.2 93,682.7 94,744.2 Central Bank of Malaysia
XIV Non-Performing/Impaired Loans by Sector
- Primary Agriculture RM Million 1,222.9 1,235.7 1,243.0 1,225.5 1,219.8 1,412.5 1,392.2 1,383.5 1,372.6 1,349.7 1,356.2 1,360.4 1,365.8 Central Bank of Malaysia
- Mining & Quarrying RM Million 274.1 266.9 267.4 264.8 263.5 262.5 260.9 131.5 137.8 152.0 152.3 145.5 144.2 Central Bank of Malaysia
- Manufacturing (Including Agro-Based) RM Million 3,837.8 3,866.5 4,219.9 3,827.3 3,809.6 3,801.4 3,961.7 3,973.2 3,907.4 3,740.2 3,743.3 3,790.6 3,834.6 Central Bank of Malaysia
- Electricity, Gas and Water Supply RM Million 123.1 121.4 121.1 110.6 96.6 96.4 96.4 187.6 188.5 188.6 188.4 186.4 186.6 Central Bank of Malaysia
Wholesale & Retail Trade, and Restaurants &
- RM Million 2,196.7 2,236.9 2,276.3 2,257.2 2,266.4 2,176.1 2,086.5 2,111.0 2,175.8 2,249.6 2,431.6 2,428.3 2,461.6 Central Bank of Malaysia
Hotels
- Construction RM Million 2,579.0 2,576.5 2,494.8 2,308.9 2,291.7 2,271.3 2,316.4 2,321.2 2,265.8 2,706.2 2,706.4 2,739.2 2,485.9 Central Bank of Malaysia
- Transport, Storage and Communication RM Million 2,023.6 2,015.0 1,731.1 1,795.4 1,856.1 1,809.2 1,875.3 1,801.9 1,766.3 2,157.2 2,173.1 2,172.9 2,237.3 Central Bank of Malaysia
- Finance, Insurance and Business Activities RM Million 3,301.4 3,503.9 3,489.5 3,504.2 3,452.8 3,464.3 3,413.1 3,472.6 3,287.8 3,123.9 3,191.0 3,194.5 3,238.2 Central Bank of Malaysia
- Education, Health & Others RM Million 470.6 485.5 519.6 510.2 519.2 519.4 509.2 510.1 904.2 817.8 851.9 831.5 817.0 Central Bank of Malaysia
- Other Sector n.e.c RM Million 581.6 584.0 577.0 398.6 396.0 404.4 397.2 384.0 382.2 358.9 378.2 380.3 386.6 Central Bank of Malaysia
- Total Non-Performing/ Impaired Loans RM Million 27,937.9 27,776.4 27,401.1 25,975.1 25,436.0 25,117.5 24,900.6 25,711.0 27,844.8 28,622.3 29,434.1 29,292.6 29,349.4 Central Bank of Malaysia
4.0 OTHERS
4.1 LABOUR
4.1.1 Labour Force ('000) 15,842.9 15,712.2 15,714.0 15,763.5 15,818.5 15,895.1 15,930.6 15,955.3 15,960.5 15,988.3 16,019.8 16,048.2 16,082.5 Department of Statistics, Malaysia
a. Employed ('000) 15,232.4 14,933.4 14,887.9 14,990.2 15,073.4 15,153.5 15,193.1 15,207.1 15,196.1 15,215.4 15,237.3 15,270.6 15,329.3 Department of Statistics, Malaysia
b. Unemployed ('000) 610.5 778.8 826.1 773.2 745.1 741.6 737.5 748.2 764.4 772.9 782.5 777.5 753.2 Department of Statistics, Malaysia
4.1.2 Labour Force Participaton Rate % 68.6 68.1 68.0 68.1 68.1 68.4 68.4 68.5 68.4 68.4 68.5 68.5 68.6 Department of Statistics, Malaysia
4.1.3 Unemployment Rate % 3.9 5.0 5.3 4.9 4.7 4.7 4.6 4.7 4.8 4.8 4.9 4.8 4.7 Department of Statistics, Malaysia
4.1.4 Loss of Employment Number of Cases 5,262 6,143 10,084 18,579 16,660 9,261 7,388 7,416 9,086 6,805 8,334 6,296 5,788 Social Security Organisation
4.2 COMPANIES REGISTRATION

Companies Commission of
4.2.1 Local Number 2,375 895 1,937 3,416 5,522 4,228 4,925 4,366 4,120 4,787 3,635 3,385 4,816
Malaysia
4.2.2 Foreign Number 0 0 0 2 4 1 5 2 3 0 1 5 2
Malaysia
Note:
p preliminary
n.a. not available
50
- not applicable
Note
p preliminary

DATA SOURCE
- Commercial Banks - - - - - - - - - - - - - Central Bank of Malaysia
- Islamic Banks - - - - - - - - - - - - - Central Bank of Malaysia
- Primary Agriculture -56.2 -68.7 -84.2 -70.2 -37.3 18.9 -63.0 -74.9 -46.1 12.8 -6.8 -50.7 -14.6 Central Bank of Malaysia
- Mining & Quarrying 243.2 -76.8 -20.5 -56.4 -92.1 -73.1 -14.9 -77.3 -78.8 -57.6 -85.5 -93.7 48.6 Central Bank of Malaysia
- Manufacturing 22.6 16.3 -60.6 103.0 -36.3 -51.6 -42.8 -16.7 39.0 -49.7 -25.7 -19.2 -26.5 Central Bank of Malaysia
- Services -29.1 4.0 -7.1 -14.9 -8.4 -11.4 26.9 8.3 -28.0 24.3 -11.9 -33.7 47.3 Central Bank of Malaysia
- Construction -44.0 -59.1 -42.7 -37.7 -15.0 -4.1 -14.3 -6.5 -13.2 -24.3 -27.9 -38.8 -7.2 Central Bank of Malaysia
- Real Estate 8.5 -36.0 -53.1 -5.9 -52.9 -57.4 -72.7 -6.3 -40.8 -38.5 -4.8 -38.9 -29.0 Central Bank of Malaysia
- Household Sector -23.2 -77.9 -67.7 -20.1 -7.8 -3.4 24.9 7.7 12.3 14.1 8.8 -1.9 55.7 Central Bank of Malaysia
- Other Sector -59.7 17.6 -57.5 890.1 244.4 39.8 780.2 -92.7 -93.9 -38.3 -57.9 -84.1 -2.3 Central Bank of Malaysia
- Total -22.5 -48.4 -54.4 -12.7 -14.3 -13.2 4.8 0.8 -4.2 -0.1 -3.5 -18.4 34.0 Central Bank of Malaysia
- Primary Agriculture 4.0 -10.3 -25.7 -18.7 8.4 -22.9 -11.4 -2.5 -2.9 -43.5 10.9 19.9 62.7 Central Bank of Malaysia
- Mining & Quarrying -38.3 -21.6 -16.2 -41.6 -26.8 -45.0 -61.8 19.6 -53.1 -58.7 25.4 -53.1 286.0 Central Bank of Malaysia
- Manufacturing -2.2 5.2 -9.9 16.6 -12.6 -10.1 -0.3 -4.1 -1.8 -8.8 17.3 13.6 34.2 Central Bank of Malaysia
- Services 12.5 -18.8 -12.2 28.4 -2.7 -19.0 1.6 6.2 -3.1 3.4 13.8 7.5 22.1 Central Bank of Malaysia
- Construction -8.6 -32.8 -45.7 -17.4 -16.6 -35.7 -2.1 -9.8 -10.0 6.4 -6.2 7.1 20.3 Central Bank of Malaysia
- Real Estate -35.8 -44.9 -47.9 -30.4 -5.2 -6.4 -32.1 13.8 -25.1 -31.8 -1.2 -11.9 -9.7 Central Bank of Malaysia
- Household Sector -18.4 -60.4 -43.2 -0.9 4.8 -0.2 12.2 -2.0 2.6 9.1 -6.3 -1.7 32.6 Central Bank of Malaysia
- Other Sector -11.7 -15.5 -22.5 14.7 6.6 -8.7 18.6 54.1 102.1 92.9 126.4 103.6 58.6 Central Bank of Malaysia
- Total -5.2 -27.9 -25.9 8.1 -3.4 -12.7 1.4 1.5 -1.1 -1.0 8.7 7.0 29.6 Central Bank of Malaysia
- Purchase of Passenger Cars -34.8 -95.9 -71.1 -23.8 6.9 4.8 34.8 16.7 16.0 24.2 1.7 11.3 103.0 Central Bank of Malaysia
- Personal Uses 4.2 -59.0 -55.1 -3.6 -10.6 -12.5 2.0 -0.8 -6.2 -1.4 -11.2 -10.8 -4.9 Central Bank of Malaysia
- Credit Cards -18.1 -45.9 -28.2 -8.7 -5.4 -5.6 -3.7 -14.4 -13.5 -6.0 -14.5 -11.2 27.4 Central Bank of Malaysia
- Purchase of Consumer Durable Goods -12.0 -29.2 -58.9 8.1 -46.4 -11.2 53.9 72.6 33.6 -29.1 -69.1 11.2 2,096.8 Central Bank of Malaysia
- Household Sector -18.4 -60.4 -43.2 -0.9 4.8 -0.2 12.2 -2.0 2.6 9.1 -6.3 -1.7 32.6 Central Bank of Malaysia
- Outstanding Loans to the Construction Sector 2.7 3.8 1.9 -0.9 -1.0 -2.1 -1.6 -1.5 0.9 2.9 1.9 1.9 1.7 Central Bank of Malaysia
XIV Non-Performing/Impaired Loans by Sector
- Primary Agriculture 390.1 6.1 5.0 -1.5 -1.8 17.5 21.8 21.5 19.4 22.7 23.7 13.6 11.7 Central Bank of Malaysia
- Mining & Quarrying -51.5 -51.0 -50.8 -49.3 -49.3 -48.6 -48.2 -71.9 -69.7 -66.2 -65.9 -46.4 -47.4 Central Bank of Malaysia
- Manufacturing (Including Agro-Based) 55.9 61.0 72.5 12.6 6.0 -2.5 2.8 2.4 4.1 7.9 9.7 3.4 -0.1 Central Bank of Malaysia
- Electricity, Gas and Water Supply 10.0 10.6 8.5 -24.9 -34.0 -42.9 -43.0 11.5 11.8 39.1 38.9 36.5 51.7 Central Bank of Malaysia
Wholesale & Retail Trade, and Restaurants &
- -6.8 -6.8 -1.4 1.8 2.0 -5.8 -12.5 -11.5 -7.7 4.8 10.9 10.7 12.1 Central Bank of Malaysia
Hotels
- Construction 5.5 6.8 9.3 -2.8 -6.5 -9.4 -5.1 -12.5 -13.2 1.8 -2.8 1.9 -3.6 Central Bank of Malaysia
- Transport, Storage and Communication -7.8 -10.5 -26.0 -22.6 -18.9 -20.7 -16.6 -19.2 -20.5 12.0 12.9 7.5 10.6 Central Bank of Malaysia
- Finance, Insurance and Business Activities -9.5 -7.3 -9.1 0.2 1.1 4.9 0.1 4.9 -0.2 -5.9 -3.0 -3.3 -1.9 Central Bank of Malaysia
- Education, Health & Others 27.7 29.3 40.1 37.7 39.6 42.3 33.7 33.3 135.1 77.4 83.5 77.4 73.6 Central Bank of Malaysia
- Household Sector 14.5 11.4 5.0 -3.5 -10.1 -14.1 -19.6 -11.9 5.9 11.1 12.1 9.4 7.6 Central Bank of Malaysia
- Other Sector n.e.c -18.2 -17.1 -18.5 -43.5 -45.4 -43.6 -37.5 -41.1 -30.7 -32.3 -28.0 -31.1 -33.5 Central Bank of Malaysia
- Total Non-Performing/ Impaired Loans 11.7 7.2 5.0 -3.5 -6.8 -9.1 -10.6 -8.1 0.3 6.8 8.2 6.4 5.1 Central Bank of Malaysia
4.0 OTHERS
4.1 LABOUR
4.1.1 Labour Force 1.8 0.6 0.5 0.7 0.7 1.2 1.1 1.1 0.8 1.2 1.2 1.1 1.5 Department of Statistics, Malaysia
a. Employed 1.3 -1.0 -1.6 -1.0 -0.7 -0.2 -0.2 -0.4 -0.8 -0.5 -0.5 -0.5 0.6 Department of Statistics, Malaysia
b. Unemployed 17.1 48.8 58.9 48.3 42.0 42.6 41.4 46.1 48.7 49.5 52.9 48.0 23.4 Department of Statistics, Malaysia
4.1.2 Labour Force Participaton Rate - - - - - - - - - - - - - Department of Statistics, Malaysia
4.1.3 Unemployment Rate - - - - - - - - - - - - - Department of Statistics, Malaysia
4.1.4 Loss of Employment 67.4 72.0 221.5 649.8 316.6 218.6 135.9 117.0 162.0 128.0 44.2 38.0 128.0 Social Security Organisation
4.2 COMPANIES REGISTRATION

4.2.1 Local -39.8 -81.2 -52.5 9.1 30.7 -2.8 31.1 2.2 4.4 32.1 1.0 -11.0 102.8
Malaysia
4.2.2 Foreign -100.0 -100.0 -100.0 100.0 33.3 -50.0 0.0 -33.3 50.0 -100.0 -66.7 150.0 0.0
Malaysia
Note:
p preliminary
51
n.a. not available
- not applicable
Note
p preliminary

UNIT DATA SOURCE
4.3 STOCK MARKET
4.3.1 Kuala Lumpur Composite Index Point 1,350.9 1,407.8 1,473.3 1,501.0 1,603.8 1,525.2 1,504.8 1,466.9 1,562.7 1,627.2 1,566.4 1,577.8 1,573.5 Bursa Malaysia
4.3.2 Value Traded RM Billion 65.6 58.6 70.4 98.1 121.9 136.9 100.6 91.7 110.3 117.0 97.1 95.5 117.5 Bursa Malaysia
4.3.3 Market Capitalisation RM Billion 1,379.2 1,470.3 1,574.8 1,579.6 1,703.4 1,676.2 1,638.7 1,622.2 1,750.2 1,817.3 1,756.0 1,806.8 1,810.5 Bursa Malaysia
4.4 EXCHANGE RATE

4.4.1 USD - U.S. Dollar RM per Unit 4.2964 4.3553 4.3418 4.2755 4.2657 4.1907 4.1507 4.1527 4.1138 4.0562 4.0369 4.0454 4.1095 Central Bank of Malaysia
4.4.2 GBP - U.K. Pound RM per Unit 5.3174 5.4047 5.3357 5.3522 5.3901 5.4980 5.3870 5.3884 5.4298 5.4496 5.5053 5.6127 5.6965 Central Bank of Malaysia
4.4.3 SDR - Special Drawing Right RM per Unit 5.9022 5.9400 5.9192 5.8954 5.9272 5.9075 5.8614 5.8724 5.8442 5.8284 5.8269 5.8262 5.8716 Central Bank of Malaysia
4.4.4 SGD - Singapore Dollar RM per Unit 3.0329 3.0586 3.0615 3.0667 3.0722 3.0579 3.0390 3.0548 3.0524 3.0441 3.0458 3.0479 3.0614 Central Bank of Malaysia
4.4.5 EUR - EURO RM per Unit 4.7594 4.7354 4.7335 4.8120 4.8790 4.9537 4.8949 4.8876 4.8650 4.9352 4.9169 4.8931 4.8944 Central Bank of Malaysia
4.4.6 CHF - Swiss Franc RM per 100 Units 449.0410 448.8177 447.8378 449.1644 455.8067 459.9745 453.7459 454.9825 451.5767 456.3383 455.3776 450.7129 442.5268 Central Bank of Malaysia
4.4.7 JPY - Japanese Yen RM per 100 Units 4.0015 4.0398 4.0505 3.9774 3.9914 3.9508 3.9301 3.9448 3.9422 3.9074 3.8937 3.8395 3.7832 Central Bank of Malaysia
4.4.8 HKD - Hong Kong Dollar RM per 100 Units 55.3300 56.1859 56.0110 55.1642 55.0346 54.0714 53.5561 53.5822 53.0621 52.3230 52.0700 52.1803 52.9233 Central Bank of Malaysia
5.0 SELECTED COUNTRIES

5.1 TRADE
5.1.1 Exports
- # RM Billion Department of Statistics, Malaysia
Malaysia 80.1 64.8 62.6 82.8 92.6 79.1 88.9 91.1 84.7 95.7 89.6 87.6 104.9
- Singapore SGD Billion 43.8 38.5 35.5 39.7 41.7 43.0 42.6 42.8 43.3 46.2 45.0 42.6 55.4 Statistics Singapore
National Bureau of Statistics of
- China USD Billion 185.2 200.3 206.8 213.6 237.6 235.3 239.8 237.2 268.1 281.9 264.0 204.9 241.1
China
- Japan JPY Billion 6,358.1 5,206.0 4,185.6 4,862.4 5,369.2 5,233.1 6,054.1 6,565.8 6,113.7 6,706.2 5,779.8 6,038.0 7,378.1 Statistics Bureau of Japan
- EU USD Billion 167.4 125.4 129.8 154.4 168.5 139.7 171.0 178.9 176.6 174.9 148.8 164.7 195.1 European Statistics
- USA USD Billion 134.6 95.8 90.5 105.1 112.8 118.0 121.5 132.6 127.0 132.5 127.9 123.9 151.3 United States Census Bureau
5.1.2 Imports
- # RM Billion Department of Statistics, Malaysia
Malaysia 67.8 68.4 52.3 62.0 67.4 65.9 67.0 68.9 67.6 75.0 73.0 69.7 80.8
- Singapore SGD Billion 40.4 35.9 31.5 35.1 37.8 36.5 38.8 38.3 38.5 40.2 39.0 37.6 47.7 Statistics Singapore
- China USD Billion 165.2 154.9 143.9 167.2 175.3 176.3 202.8 178.7 192.6 203.8 198.6 167.0 227.3
China
- Japan JPY Billion 6,350.9 6,137.2 5,027.0 5,135.3 5,362.1 4,988.7 5,370.4 5,696.7 5,747.5 5,955.2 6,103.7 5,820.6 6,714.4 Statistics Bureau of Japan
- EU USD Billion 145.2 125.1 122.6 133.7 142.6 128.3 146.5 150.8 151.3 144.8 140.2 143.6 176.3 European Statistics
- USA USD Billion 194.4 165.5 163.9 179.7 200.8 203.5 206.4 219.5 212.7 215.5 204.8 193.8 236.9 United States Census Bureau
5.2 INDUSTRIAL PRODUCTION INDEX

5.2.1 Malaysia Point 110.0 76.5 90.9 114.8 116.2 114.7 115.3 117.2 114.1 119.5 119.5 111.8 120.1 Department of Statistics, Malaysia
Singapore Economic Development
5.2.2 Singapore Point 117.7 117.8 89.0 98.8 103.3 109.9 127.7 106.2 106.8 114.5 121.3 102.6 126.6
Board (EDB)
5.2.3 South Korea Point 113.6 101.6 96.8 104.3 107.4 99.6 112.1 109.0 111.5 118.1 110.2 100.6 118.9 Moody's Analytics, South Korea
Ministry of Economy, Trade and
5.2.4 Japan Point 105.3 85.8 72.2 82.9 90.4 80.0 95.6 97.4 96.0 97.5 88.6 92.1 109.3
Industry, Japan
5.2.5 USA Point 104.5 91.3 92.1 97.8 101.9 102.9 102.8 103.8 104.8 105.8 106.9 104.1 105.6 Federal Reserve Board, USA
5.3 RETAIL TRADE INDEX

5.3.2 Singapore Point 86.1 61.1 53.1 70.8 88.3 89.7 83.1 86.9 98.5 111.5 100.4 87.5 89.9 Singapore Department of Statistics
Census and Statistics Department,
5.3.3 Hong Kong Point 55.0 57.9 65.1 64.5 64.3 61.9 63.1 66.1 69.0 76.1 78.8 71.3 65.9 Hong Kong Special Administrative
Region
5.3.4 United Kingdom Point 93.5 81.4 91.3 102.8 107.1 104.3 105.0 112.2 123.1 131.6 91.7 93.4 102.5 Office for National Statistics
5.4 CONSUMER PRICE INDEX

5.4.2 Thailand Point 99.2 97.2 97.2 98.7 99.4 99.7 99.5 99.6 99.6 99.7 99.8 98.9 99.1 Trading Economics
5.4.3 Indonesia Point 104.7 104.8 104.9 105.1 105.0 104.9 104.9 104.9 105.2 105.7 106.0 106.1 106.2 Trading Economics
5.4.4 Philippines Point 122.3 122.2 122.3 122.9 123.5 123.3 123.4 123.8 125.1 126.2 127.8 128.1 127.8 Trading Economics
5.4.5 Singapore Point 99.9 99.0 99.5 99.5 99.2 99.8 100.1 99.7 100.1 100.5 100.4 101.0 101.2 Trading Economics
5.5 PRODUCER PRICE INDEX

5.5.2 Philippines Point 93.8 93.1 93.1 92.2 92.1 92.2 92.2 92.1 91.8 92.7 90.9 91.0 90.9 Trading Economics
5.5.3 Singapore Point 89.3 82.6 84.0 86.4 88.6 88.1 88.5 88.8 87.4 88.0 89.8 91.5 94.6 Trading Economics
5.5.4 South Korea Point 102.8 101.9 102.0 102.5 102.7 103.2 103.4 103.0 103.1 103.8 105.1 105.9 106.9 Trading Economics
5.5.5 China Point 106.6 105.2 104.8 105.2 105.6 105.9 106.0 106.0 106.6 107.8 102.3 103.1 103.9 Trading Economics
5.5.6 Japan Point 101.1 99.4 98.9 99.6 100.2 100.3 100.1 99.9 99.8 100.3 100.8 101.3 102.1 Trading Economics
5.5.7 USA Point 118.1 116.6 117.2 117.5 118.2 118.4 118.9 119.3 119.4 119.7 121.3 121.9 123.1 Trading Economics
Note:
p preliminary
n.a. not available
52
- not applicable
Note
p preliminary

DATA SOURCE
4.3 STOCK MARKET
4.3.1 Kuala Lumpur Composite Index -17.8 -14.3 -10.8 -10.2 -1.9 -5.4 -5.0 -8.2 0.1 2.4 2.3 6.4 16.5 Bursa Malaysia
4.3.2 Value Traded 9.4 12.0 56.5 177.6 165.5 240.8 203.9 118.9 152.7 157.6 119.5 81.0 79.2 Bursa Malaysia
4.3.3 Market Capitalisation -20.3 -15.9 -8.8 -9.9 -1.3 -0.8 -2.1 -4.1 4.9 6.2 6.7 13.6 31.3 Bursa Malaysia
4.4 EXCHANGE RATE

4.4.1 USD - U.S. Dollar -5.1 -5.5 -3.9 -2.7 -3.3 -0.1 0.8 0.8 1.1 2.3 1.1 2.9 4.5 Central Bank of Malaysia
4.4.2 GBP - U.K. Pound 1.1 -0.8 0.6 -1.5 -4.4 -7.4 -4.0 -2.0 -1.3 -0.2 -3.1 -3.8 -6.7 Central Bank of Malaysia
4.4.3 SDR - Special Drawing Right -3.8 -3.8 -2.6 -2.2 -3.8 -2.6 -2.4 -2.2 -2.1 -2.0 -3.4 -2.1 0.5 Central Bank of Malaysia
4.4.4 SGD - Singapore Dollar -0.7 -0.8 -0.6 -0.4 -1.3 -1.1 -0.2 0.0 0.1 0.4 -0.8 -1.7 -0.9 Central Bank of Malaysia
4.4.5 EUR - EURO -3.1 -2.4 -1.4 -2.3 -5.1 -6.0 -5.9 -5.4 -5.5 -6.6 -7.8 -7.2 -2.8 Central Bank of Malaysia
4.4.6 CHF - Swiss Franc -9.2 -9.0 -7.9 -6.3 -8.3 -7.1 -6.9 -7.4 -7.2 -7.6 -7.6 -5.4 1.5 Central Bank of Malaysia
4.4.7 JPY - Japanese Yen -8.3 -8.8 -6.4 -3.1 -4.5 -0.3 -0.9 -1.8 -3.1 -2.7 -4.1 -1.5 5.8 Central Bank of Malaysia
4.4.8 HKD - Hong Kong Dollar -6.1 -6.7 -5.1 -3.6 -4.0 -1.2 -0.3 -0.3 0.1 1.6 0.8 2.6 4.5 Central Bank of Malaysia
5.0 SELECTED COUNTRIES

5.1 TRADE
5.1.1 Exports
- # Department of Statistics, Malaysia
Malaysia -6.5 -24.9 -26.0 8.0 3.1 -2.9 13.6 0.2 4.6 10.8 6.6 17.6 31.0
- Singapore -1.0 -12.8 -24.0 -4.3 -8.1 -4.8 -2.1 -8.7 -5.4 2.6 1.1 4.4 26.6 Statistics Singapore
- China -6.8 3.5 -3.3 0.6 7.2 9.5 9.9 11.4 21.1 18.1 24.8 154.9 30.6
China
- Japan -11.7 -21.9 -28.3 -26.2 -19.2 -14.8 -4.9 -0.2 -4.2 2.0 6.4 -4.5 16.0 Statistics Bureau of Japan
- EU -10.2 -28.2 -29.7 -9.6 -11.3 -14.0 -3.8 -10.3 -1.5 1.5 -10.8 -3.6 16.5 European Statistics
- USA -9.4 -29.0 -36.3 -23.8 -15.3 -14.7 -9.5 -6.9 -7.3 -2.0 -0.9 -6.2 12.4 United States Census Bureau
5.1.2 Imports
- # Department of Statistics, Malaysia
Malaysia -2.7 -8.0 -30.4 -5.6 -8.7 -6.5 -3.6 -6.0 -9.0 1.6 1.3 12.7 19.2
- Singapore 0.2 -13.1 -26.2 -9.9 -10.0 -11.0 -1.6 -9.3 -9.4 -3.4 -5.2 -4.6 17.9 Statistics Singapore
- China -0.9 -14.2 -16.7 2.7 -0.9 -2.1 13.2 4.7 4.5 6.5 26.6 17.3 38.1
China
- Japan -5.0 -7.1 -26.1 -14.4 -22.3 -20.7 -17.4 -13.2 -11.1 -11.6 -9.5 11.8 5.7 Statistics Bureau of Japan
- EU -12.2 -22.7 -26.2 -12.8 -16.0 -15.6 -8.9 -14.3 -6.2 -3.6 -16.9 -3.0 21.4 European Statistics
- USA -6.5 -20.9 -25.7 -13.3 -8.2 -5.7 -0.2 0.0 6.6 6.5 4.3 8.7 21.9 United States Census Bureau
5.2 INDUSTRIAL PRODUCTION INDEX

5.2.1 Malaysia -5.1 -32.1 -21.8 -0.4 1.3 -0.2 0.9 -0.6 -2.4 1.7 1.2 1.5 9.3 Department of Statistics, Malaysia
Singapore Economic Development
5.2.2 Singapore 21.6 12.1 -7.9 -6.0 -7.9 16.4 25.9 -0.5 19.5 17.1 9.4 16.5 7.6
Board (EDB)
5.2.3 South Korea 7.5 -4.9 -10.5 -1.2 -2.5 -3.3 7.7 -2.3 0.4 2.9 7.8 0.9 4.7 Moody's Analytics, South Korea
Ministry of Economy, Trade and
5.2.4 Japan -5.2 -15.0 -26.3 -18.2 -15.5 -13.8 -9.0 -3.0 -3.4 -3.2 -5.2 -2.6 3.8
Industry, Japan
5.2.5 USA -4.7 -16.3 -15.7 -10.5 -6.6 -6.3 -6.1 -4.8 -4.8 -3.5 -2.1 -4.8 1.0 Federal Reserve Board, USA
5.3 RETAIL TRADE INDEX

5.3.1 Malaysia -7.5 -36.0 -18.0 -11.2 -5.2 -2.5 1.0 -2.8 -3.1 -2.9 -3.3 -2.4 9.6 Department of Statistics, Malaysia
5.3.2 Singapore -11.4 -33.9 -45.9 -24.9 -8.5 -9.3 -12.6 -10.9 -2.0 -4.8 -8.4 8.2 4.5 Singapore Department of Statistics
Census and Statistics Department,
5.3.3 Hong Kong -44.0 -37.5 -34.0 -25.3 -23.8 -13.3 -13.4 -9.3 -4.8 -14.0 -14.6 31.5 19.8 Hong Kong Special Administrative
Region
5.3.4 United Kingdom -3.0 -18.9 -8.8 1.7 4.6 6.0 6.3 8.9 7.2 -3.0 -1.8 -0.8 9.6 Office for National Statistics
5.4 CONSUMER PRICE INDEX

5.4.1 Malaysia -0.2 -2.9 -2.9 -1.9 -1.3 -1.4 -1.4 -1.5 -1.7 -1.4 -0.2 0.1 1.7 Department of Statistics, Malaysia
5.4.2 Thailand -0.5 -3.0 -3.4 -1.6 -1.0 -0.5 -0.7 -0.5 -0.4 -0.3 -0.3 -1.2 -0.1 Trading Economics
5.4.3 Indonesia 3.0 2.7 2.2 2.0 1.5 1.3 1.4 1.4 1.6 1.7 1.6 1.4 1.4 Trading Economics
5.4.4 Philippines 2.5 2.2 2.1 2.5 2.7 2.4 2.3 2.5 3.3 3.5 4.2 4.7 4.5 Trading Economics
5.4.5 Singapore 0.0 -0.7 -0.8 -0.5 -0.4 -0.4 0.0 -0.2 -0.1 0.0 0.2 0.7 1.3 Trading Economics
5.5 PRODUCER PRICE INDEX

5.5.1 Malaysia -1.9 -5.1 -5.5 -4.0 -3.5 -2.8 -3.9 -3.6 -3.0 -2.1 -0.1 2.7 6.7 Department of Statistics, Malaysia
5.5.2 Philippines -5.9 -5.0 -4.5 -5.3 -4.8 -5.1 -5.2 -4.6 -4.6 -3.8 -5.4 -5.3 -3.1 Trading Economics
5.5.3 Singapore -9.3 -15.0 -14.6 -9.6 -8.4 -9.3 -10.5 -9.7 -9.4 -6.8 -4.7 -0.7 9.6 Trading Economics
5.5.4 South Korea -0.5 -1.7 -1.8 -0.9 -0.8 -0.5 -0.4 -0.6 -0.3 0.1 0.9 2.0 3.9 Trading Economics
5.5.5 China -1.5 -3.1 -3.7 -3.0 -2.4 -2.0 -2.1 -2.1 -1.5 -0.4 0.3 1.7 4.4 Trading Economics
5.5.6 Japan -0.4 -2.4 -2.7 -1.6 -0.9 -0.6 -0.8 -2.1 -2.3 -2.0 -1.5 -0.6 1.0 Trading Economics
5.5.7 USA 0.3 -1.5 -0.8 -0.6 -0.3 -0.2 0.4 0.5 0.8 0.8 1.7 2.8 4.2 Trading Economics
Note:
p preliminary
53
n.a. not available
- not applicable
Note
p preliminary

UNIT DATA SOURCE
5.6 LABOUR FORCE
5.6.1 Participation Rate
- Malaysia % 68.6 68.1 68.0 68.1 68.1 68.4 68.4 68.5 68.4 68.4 68.5 68.5 68.6 Department of Statistics, Malaysia
- South Korea % 62.2 62.0 63.0 63.2 63.1 62.4 62.5 62.7 62.8 61.6 60.9 61.6 62.5 Statistics Korea
- Russia % 62.0 61.7 61.7 61.8 62.0 62.3 62.3 62.1 62.3 62.2 62.0 62.1 62.1 Trading Economics
- Australia % 65.9 63.5 62.6 64.0 64.6 65.0 64.8 65.7 66.1 66.1 66.1 66.1 66.3 Australian Bureau of Statistics
- Japan % 62.0 61.5 61.8 61.9 61.8 62.1 62.2 62.4 62.3 62.0 61.8 61.9 61.9 Statistics of Bureau Japan
- United Kingdom % 79.6 79.3 79.2 79.1 79.2 79.2 79.1 79.2 79.3 79.1 79.0 79.1 79.0 Office for National Statistics
- USA % 62.7 60.2 60.8 61.5 61.4 61.7 61.4 61.7 61.5 61.5 61.4 61.4 61.5 Bureau of Labor Statistics (BLS)
- Canada % 63.6 60.0 61.4 64.0 64.3 64.6 65.1 65.2 65.1 65.0 64.7 64.7 65.2 Statistics Canada
- Sweden % 72.7 72.8 72.9 73.0 73.2 73.3 73.4 73.5 73.7 73.8 72.8 72.9 73.1 Statistics Sweden
- Finland % 65.7 64.9 67.4 67.9 67.5 66.3 66.4 66.2 66.0 65.6 65.6 65.5 65.8 Statistics Finland
5.6.2 Unemployment Rate
- Malaysia % 3.9 5.0 5.3 4.9 4.7 4.7 4.6 4.7 4.8 4.8 4.9 4.8 4.7 Department of Statistics, Malaysia
- Thailand % 1.0 n.a n.a n.a 2.1 1.9 1.8 2.1 2.0 1.5 n.a n.a n.a National Statistical Office
- South Korea % 4.2 4.2 4.5 4.3 4.0 3.1 3.6 3.7 3.4 4.1 5.7 4.9 4.3 Statistics Korea
- Russia % 4.7 5.8 6.1 6.2 6.3 6.4 6.3 6.3 6.1 5.9 5.8 5.7 5.4 Trading Economics
- Australia % 5.2 6.4 7.1 7.4 7.5 6.8 6.9 7.0 6.8 6.6 6.3 5.8 5.6 Australian Bureau of Statistics
- Japan % 2.5 2.6 2.8 2.8 2.9 3.0 3.0 3.1 3.0 3.0 2.9 2.9 2.6 Statistics of Bureau Japan
- United Kingdom % 4.0 4.0 4.1 4.1 4.3 4.5 4.8 4.9 5.0 5.1 5.0 4.9 4.8 Office for National Statistics
- USA % 4.4 14.7 13.3 11.1 10.2 8.4 7.9 6.9 6.7 6.7 6.3 6.2 6.0 Bureau of Labor Statistics (BLS)
- Canada % 7.9 13.1 13.7 12.5 10.9 10.2 9.2 9.0 8.6 8.8 9.4 8.2 7.5 Statistics Canada
- Sweden % 7.3 7.9 7.9 9.1 9.1 9.0 8.9 8.8 8.8 8.7 9.0 9.0 9.1 Statistics Sweden
- Finland % 7.3 8.1 10.6 7.9 7.7 7.7 7.6 7.4 6.9 7.8 8.7 8.1 8.1 Statistics Finland
Note:
p preliminary
n.a. not available
54
- not applicable
Note
p preliminary

DATA SOURCE
5.6 LABOUR FORCE
5.6.1 Participation Rate
- Malaysia - - - - - - - - - - - - - Department of Statistics, Malaysia
- South Korea - - - - - - - - - - - - - Statistics Korea
- Russia - - - - - - - - - - - - - Trading Economics
- Australia - - - - - - - - - - - - - Australian Bureau of Statistics
- Japan - - - - - - - - - - - - - Statistics of Bureau Japan
- United Kingdom - - - - - - - - - - - - - Office for National Statistics
- USA - - - - - - - - - - - - - Bureau of Labor Statistics (BLS)
- Canada - - - - - - - - - - - - - Statistics Canada
- Sweden - - - - - - - - - - - - - Statistics Sweden
- Finland - - - - - - - - - - - - - Statistics Finland
5.6.2 Unemployment Rate
- Malaysia - - - - - - - - - - - - - Department of Statistics, Malaysia
- Thailand - - - - - - - - - - - - - National Statistical Office
- South Korea - - - - - - - - - - - - - Statistics Korea
- Russia - - - - - - - - - - - - - Trading Economics
- Australia - - - - - - - - - - - - - Australian Bureau of Statistics
- Japan - - - - - - - - - - - - - Statistics of Bureau Japan
- United Kingdom - - - - - - - - - - - - - Office for National Statistics
- USA - - - - - - - - - - - - - Bureau of Labor Statistics (BLS)
- Canada - - - - - - - - - - - - - Statistics Canada
- Sweden - - - - - - - - - - - - - Statistics Sweden
- Finland - - - - - - - - - - - - - Statistics Finland
Note:
p preliminary
55
n.a. not available
- not applicable
Note
p preliminary
ECONOMIC INDICATORS - QUARTERLY
2020 2021 2020 2021

INDICATORS UNIT Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 DATA SOURCE
Value Annual Percentage Change (%)
1.1 Constant 2015 Prices RM Million 344,699.1 289,745.4 351,575.6 357,859.9 343,066.6 0.7 -17.2 -2.7 -3.4 -0.5 Department of Statistics, Malaysia
2.0 COMMODITIES
2.1 RUBBER
2.1.1 Exports
#
- Natural Rubber Tonne 142,877.0 112,963.0 136,764.0 172,561.0 161,609.4 -0.9 -32.5 -20.1 16.1 13.1 Department of Statistics, Malaysia
2.2 OIL PALM
2.2.1 Exports
- Oil Palm Product Tonne 5,662,688.0 6,510,839.0 7,495,632.0 7,055,976.0 4,930,498.0 -18.2 -7.6 6.4 2.8 -12.9 Malaysian Palm Oil Board
- Palm Oil Tonne 3,488,071.0 4,312,464.0 4,973,514.0 4,621,022.0 3,036,575.0 -24.6 -9.5 7.4 3.9 -12.9 Malaysian Palm Oil Board
- Palm Kernel Tonne 248,757.0 255,368.0 337,677.0 377,938.0 227,181.0 -4.6 -6.9 26.2 33.2 -8.7 Malaysian Palm Oil Board
2.3 CRUDE PETROLEUM
2.3.1 Prices
- Crude Oil, Brent USD/Barrel 50.53 31.43 42.72 44.52 60.57 -20.1 -54.0 -30.9 -28.9 19.9 World Bank
- Crude Oil, WTI USD/Barrel 45.98 27.79 40.90 42.56 57.84 -16.2 -53.5 -27.5 -25.3 25.8 World Bank
2.3.2 Exports
- Crude Petroleum # '000 Tonne 2,962,372.0 2,508,004.0 4,428,156.6 3,112,722.0 2,712,949.5 -12.9 -25.4 72.4 -0.3 -8.4 Department of Statistics, Malaysia
#
- Petroleum Products '000 Tonne 8,679,432.8 9,350,694.1 8,206,238.5 8,443,635.5 7,821,160.7 47.4 22.7 15.2 12.7 -9.9 Department of Statistics, Malaysia
2.3.3 Imports
- Crude Petroleum # '000 Tonne 4,968,985.1 2,139,904.5 2,829,702.3 2,016,632.9 1,329,885.9 46.9 -38.3 -15.9 -21.3 -73.2 Department of Statistics, Malaysia
#
- Petroleum Products '000 Tonne 8,678,445.0 8,340,166.8 10,818,238.5 9,388,579.0 9,100,840.6 23.9 1.0 45.6 9.5 4.9 Department of Statistics, Malaysia
2.4.1 Exports
- # '000 Tonne 6,983,599.0 5,159,392.0 5,961,644.0 6,353,553.2 6,855,285.6 4.4 -16.1 0.4 -5.5 -1.8
Liquified Natural Gas Department of Statistics, Malaysia
3.0 SECTOR
3.1 MANUFACTURING
3.1.1 Industrial Production Index Point 117.3 97.7 126.5 126.3 125.3 1.3 -18.1 3.1 2.8 6.8 Department of Statistics, Malaysia
3.1.2 Sales RM '000 339,323,806.5 282,020,407.3 358,828,248.3 366,447,107.9 368,234,123.9 2.2 -16.5 2.4 3.0 8.5 Department of Statistics, Malaysia
3.1.3 # RM '000 201,772,233.4 182,057,975.8 227,519,332.1 236,314,403.5 247,541,236.2 1.2 -12.6 6.8 7.6 22.7
Exports Department of Statistics, Malaysia
3.1.4 Manufacturing Project
- Investment
Malaysian Investment Development
a. Projects Number Number 226 187 328 308 n.a 4.6 1.1 22.4 -3.4 n.a
Authority
b. Projects Domestics RM Million 15,408.0 3,279.5 7,107.4 9,175.1 n.a 198.7 -31.4 -15.5 -12.5 n.a
Authority
c. Projects Foreign RM Million 10,786.2 7,216.2 21,293.2 17,284.1 n.a -46.7 9.2 96.9 6.5 n.a
Authority
d. Total RM Million 26,194.2 10,495.7 28,400.6 26,459.2 n.a 3.1 -7.8 47.7 -1.0 n.a
Authority
3.2 CONSTRUCTION
3.2.1 Quarterly Construction RM 35,040.2 19,780.1 31,367.0 31,730.8 31,369.0 -6.3 -44.9 -13.1 -14.2 -10.5 Department of Statistics, Malaysia
3.2.2 Unit Price Index of Construction Materials 2015=100 Point 107.9 108.1 108.3 108.4 108.8 2.0 0.9 0.7 0.8 0.8 Department of Statistics, Malaysia
3.2.3 Unit 263 112 229 193 252 2.7 -54.8 -21.0 -41.5 -4.2 National Housing Department
Advertisement (New Permit)
3.2.4 Unit 603 520 690 579 671 29.7 36.1 31.7 4.3 11.3 National Housing Department
Advertisement (Renewals Permit)
3.2.5 Prices
- Steel RM per Metric Tonne 2,384.50 2,386.03 2,379.07 2,379.18 2,402.50 0.0 0.3 0.0 0.0 0.8 Ministry of Works
- Cement RM per 50 Kg Bag 17.59 17.73 17.82 17.79 17.89 1.9 3.4 3.3 2.6 1.7 Ministry of Works

3.3.1 Mining Index (Base 2015 = 100) Point 99.5 80.6 84.6 91.4 95.4 -3.1 -20.0 -7.1 -11.1 -4.1 Department of Statistics, Malaysia
3.4 UTILITIES
3.4.1 Electricity
- Local Generation
Tenaga Nasional Berhad, Sabah Electricity

p
a. Public Installations Million Kilowatt-Hours 40,261.3 37,300.8 40,884.8 40,585.1 40,154.4 -1.4 -11.3 -3.3 -1.1 -0.3 Sdn. Bhd., Sarawak Energy Berhad,
Independent Power Producer

p
b. Private Installations Million Kilowatt-Hours 581.5 536.8 530.1 539.9 569.1 11.1 -2.0 -0.3 -4.8 -2.1 Sdn. Bhd., Sarawak Energy Berhad,
Note
Note:
p preliminary
preliminary
1p latest data until Fourth Quarter 2020
#1 provisional
latest data
data until on External
basedFourth Trade Publications
Quarter 2020 March 2021 MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 56
56
n.a available
# notprovisional
data based on External Trade Publications March 2021
- not applicable
n.a not available
- not applicable
2020 2021 2020 2021

- Local Consumption

p
a. Industrial, Commercial and Mining Million Kilowatt-Hours 27,493.4 23,097.9 27,933.1 27,800.7 26,957.9 -3.8 -21.1 -5.1 -4.5 -1.9 Sdn. Bhd., Sarawak Energy Berhad,

p
b. Domestic and Public Lighting Million Kilowatt-Hours 8,640.4 10,121.2 8,909.9 8,751.5 9,242.8 4.1 17.4 5.8 8.8 7.0 Sdn. Bhd., Sarawak Energy Berhad,
3.5 SERVICES
3.5.2 Volume Index
- Wholesale Trade Index Point 126.8 102.5 126.9 131.1 127.8 2.5 -19.3 -3.5 -0.5 0.8 Department of Statistics, Malaysia
- Retail Trade Index Point 138.6 107.6 138.0 139.9 139.9 1.8 -21.2 -2.3 -2.9 0.9 Department of Statistics, Malaysia
- Motor Vehicle Index Point 97.6 54.9 113.7 106.7 104.0 -3.5 -48.0 5.5 2.7 6.6 Department of Statistics, Malaysia
3.5.3 Motor Vehicle
a. Passenger Unit 101,507 55,667 142,728 157,874 135,589 -24.0 -57.8 7.7 16.3 33.6 Malaysian Automotive Association
b. Commercial Unit 6,937 1,938 7,118 11,449 11,497 -33.8 -77.7 -16.6 16.5 65.7 Malaysian Automotive Association
c. Total Unit 108,444 57,605 149,846 169,323 147,086 -24.7 -59.0 6.3 16.3 35.6 Malaysian Automotive Association
- Vehicle Sales
a. Passenger Unit 96,089 61,531 151,132 165,091 123,273 -26.7 -56.0 13.4 13.0 28.3 Malaysian Automotive Association
b. Commercial Unit 9,415 6,265 15,664 16,904 16,218 -21.2 -53.6 16.8 10.9 72.3 Malaysian Automotive Association
c. Total Unit 105,504 67,796 166,796 184,121 139,491 -26.2 -55.8 13.7 14.2 32.2 Malaysian Automotive Association
- New Vehicles Registration Number 270,117 163,537 360,047 369,665 358,316 -36.2 -47.1 13.6 14.3 0.0 Road Transport Department Malaysia
3.5.4 Tourism
- Index of Services Point 115.8 26.0 61.0 52.4 47.8 -4.1 -78.8 -53.6 -60.9 -58.7 Department of Statistics, Malaysia
- Tourist Arrivals 1 Number 4,233,455 19,542 46,422 33,303 n.a -36.8 -99.7 -99.3 -99.4 n.a Tourism Malaysia
3.5.5 Transport
- Index of Services Point 116.6 67.1 104.5 100.7 97.5 -3.2 -45.4 -17.1 -24.0 -16.4 Department of Statistics, Malaysia
3.5.6 Information & Communication
- Index of Services Point 140.0 142.2 144.8 144.1 148.9 6.4 4.5 5.1 7.1 6.4 Department of Statistics, Malaysia
- Penetration Rate
Malaysian Communications and Multimedia
a. Mobile Cellular per 100 Inhabitants % 133.6 132.8 132.8 n.a n.a 1.7 0.3 -1.0 n.a n.a
Commission
b. Fixed Telephone per 100 Inhabitants % 19.8 n.a n.a n.a n.a 0.5 n.a n.a n.a n.a
Commission
c. Broadband per 100 Inhabitants % 127.4 n.a n.a n.a n.a 0.2 n.a n.a n.a n.a
Commission
3.5.7 Finance
-Index of Services Point 116.2 100.2 128.2 128.9 129.0 4.0 -9.2 7.7 5.9 11.1 Department of Statistics, Malaysia
IMoney Supply
- M1 RM Million 461,694.5 488,233.2 513,225.7 523,662.9 549,566.7 7.9 13.1 18.2 15.7 19.0 Central Bank of Malaysia
- M2 RM Million 1,960,826.9 2,014,091.4 2,033,284.5 2,037,481.1 2,083,780.5 3.8 6.1 6.8 4.5 6.3 Central Bank of Malaysia
- M3 RM Million 1,968,375.0 2,019,910.8 2,038,661.6 2,040,993.9 2,088,401.6 3.7 5.6 6.4 4.0 6.1 Central Bank of Malaysia
II Total Loans in Banking System RM Million 1,783,587.8 1,799,837.1 1,824,120.7 1,831,156.6 1,853,615.9 4.0 4.1 4.4 3.4 3.9 Central Bank of Malaysia
- Commercial Banks RM Million 1,159,220.2 1,161,464.1 1,165,459.4 1,162,791.6 1,174,862.6 2.3 2.3 2.0 0.8 1.3 Central Bank of Malaysia
- Islamic Banks RM Million 618,050.4 631,742.5 651,350.4 660,830.8 670,910.5 7.4 7.7 8.8 8.1 8.6 Central Bank of Malaysia
- Merchant Banks RM Million 6,317.2 6,630.5 7,310.9 7,534.2 7,842.8 -5.1 -0.8 8.9 8.8 24.2 Central Bank of Malaysia
Total Deposits Banking System (Fixed and Savings
III RM Million 2,009,948.9 2,045,785.0 2,076,580.1 2,089,311.8 2,129,222.1 2.7 4.4 5.2 4.4 5.9 Central Bank of Malaysia
Deposits)
- Commercial Banks RM Million 1,381,635.0 1,399,879.4 1,417,083.2 1,419,120.6 1,427,335.7 2.0 4.4 5.4 3.5 3.3 Central Bank of Malaysia
- Merchant Banks RM Million 23,062.2 21,976.9 22,021.8 21,949.6 23,389.8 -11.8 -15.7 -3.4 -5.5 1.4 Central Bank of Malaysia
Fixed Deposits, Tawarruq Fixed Deposits, Special and
IV RM Million 992,019.2 990,468.2 985,552.7 966,528.5 962,071.0 -0.3 -1.0 -2.7 -3.6 -3.0 Central Bank of Malaysia
General Investment Deposits
- Commercial Banks RM Million 589,186.3 588,657.4 588,252.5 573,261.5 559,982.5 -0.9 -0.1 0.1 -2.4 -5.0 Central Bank of Malaysia
- Islamic Banks RM Million 387,852.6 386,817.4 382,597.6 379,053.0 387,718.0 1.1 -2.1 -6.8 -5.2 0.0 Central Bank of Malaysia
- Merchant Banks RM Million 14,980.4 14,993.4 14,702.6 14,214.0 14,370.6 -7.3 -7.0 -0.7 -7.0 -4.1 Central Bank of Malaysia
V Savings Deposits RM Million 182,362.4 199,549.7 206,825.4 212,340.7 227,865.2 12.8 21.0 23.8 24.9 25.0 Central Bank of Malaysia
- Commercial Banks RM Million 131,934.8 143,138.6 148,421.6 152,810.5 161,261.6 11.1 18.0 21.0 22.5 22.2 Central Bank of Malaysia
VI Overnight Policy Rate (OPR) Basis Point 2.50 2.00 1.75 1.75 1.75 - - - - - Central Bank of Malaysia
VII Average Lending Rate CFM
- Commercial Banks % 4.55 4.05 3.66 3.52 3.47 - - - - - Central Bank of Malaysia
- Islamic Banks % 4.96 4.51 4.18 4.14 4.10 - - - - - Central Bank of Malaysia
- Merchant Banks % 6.43 6.18 5.89 5.84 5.76 - - - - - Central Bank of Malaysia
VIII Base Lending Rate (BLR) Commercial Banks % 6.41 5.93 5.50 5.49 5.49 - - - - - Central Bank of Malaysia
IX Base Financing Rate (BFR) Islamic Banks % 6.48 5.97 5.56 5.55 5.55 - - - - - Central Bank of Malaysia
Note
Note:
p preliminary
preliminary
1p latest data until Fourth Quarter 2020
#1 provisional
latest data
data until on External
basedFourth Trade Publications
Quarter 2020 March 2021
57
n.a available
# notprovisional
- not applicable
n.a not available
- not applicable
2020 2021 2020 2021

- Commercial Banks % 0.85 0.66 0.48 0.48 0.47 - - - - - Central Bank of Malaysia
- Islamic Banks % 0.58 0.47 0.37 0.36 0.34 - - - - - Central Bank of Malaysia
- Primary Agriculture RM Million 1,265.4 701.6 919.4 1,708.8 1,003.2 -38.6 -79.1 -36.0 -37.0 -20.7 Central Bank of Malaysia
- Mining & Quarrying RM Million 793.0 706.7 319.1 111.4 200.8 30.6 -40.9 -63.7 -75.1 -74.7 Central Bank of Malaysia
- Manufacturing RM Million 8,708.7 7,867.5 5,820.7 8,806.1 6,615.6 30.7 -13.4 -43.1 -18.1 -24.0 Central Bank of Malaysia
- Services RM Million 19,416.2 23,855.4 21,076.6 21,018.4 19,614.7 3.3 -6.6 2.0 -1.1 1.0 Central Bank of Malaysia
- Construction RM Million 5,226.7 3,604.2 6,579.1 5,786.5 3,928.2 -31.4 -45.7 -11.7 -14.0 -24.8 Central Bank of Malaysia
- Real Estates RM Million 5,012.8 4,110.0 2,897.2 4,847.3 3,787.4 14.9 -33.4 -62.5 -30.0 -24.4 Central Bank of Malaysia
- Household Sector RM Million 45,469.4 24,786.7 59,686.2 59,625.7 54,287.5 -8.6 -56.8 3.3 11.2 19.4 Central Bank of Malaysia
- Other Sectors RM Million 1,000.5 989.8 689.2 144.2 298.4 3.0 137.1 239.2 -83.5 -70.2 Central Bank of Malaysia
- Total RM Million 86,892.7 66,622.0 97,987.4 102,048.4 89,735.8 -4.4 -39.3 -7.9 -1.2 3.3 Central Bank of Malaysia
- Primary Agriculture RM Million 10,300.2 9,030.3 9,409.2 9,743.1 13,474.6 0.5 -18.5 -9.8 -22.9 30.8 Central Bank of Malaysia
- Mining & Quarrying RM Million 2,082.3 1,271.3 1,009.0 1,491.9 3,516.7 21.8 -25.7 -48.7 -44.3 68.9 Central Bank of Malaysia
- Manufacturing RM Million 63,463.9 62,534.2 59,334.4 67,867.2 77,373.7 2.3 3.4 -7.9 -5.3 21.9 Central Bank of Malaysia
- Services RM Million 104,959.1 92,418.7 92,459.4 100,991.3 120,651.4 5.6 -2.1 -6.9 2.2 15.0 Central Bank of Malaysia
- Construction RM Million 21,157.3 16,345.5 18,142.3 22,136.6 22,582.5 2.8 -32.3 -18.7 -3.7 6.7 Central Bank of Malaysia
- Real Estates RM Million 12,410.1 9,215.7 10,367.9 12,094.2 11,449.2 -18.1 -40.8 -17.5 -18.4 -7.7 Central Bank of Malaysia
- Foreign RM Million 82,293.6 53,856.2 90,620.1 92,771.5 87,834.8 -4.0 -36.2 5.4 3.2 6.7 Central Bank of Malaysia
- Other Sectors RM Million 6,829.1 8,966.4 8,749.9 12,553.2 13,046.1 -24.3 -7.5 5.6 81.9 91.0 Central Bank of Malaysia
- Total RM Million 303,495.4 253,638.4 290,092.3 319,648.9 349,928.9 -0.1 -15.9 -5.0 -0.2 15.3 Central Bank of Malaysia
- Purchase of Passenger Cars RM Million 9,359.8 3,715.4 12,185.7 13,014.9 12,278.3 -8.8 -65.3 14.4 18.9 31.2 Central Bank of Malaysia
- Personal Uses RM Million 8,995.4 4,809.0 8,661.8 9,297.6 8,188.3 12.4 -40.7 -7.3 -2.8 -9.0 Central Bank of Malaysia
- Credit Cards RM Million 35,095.9 26,399.0 35,907.1 35,810.9 34,613.6 -2.7 -27.8 -4.9 -11.1 -1.4 Central Bank of Malaysia
- Purchase of Consumer Durable Goods RM Million 8.1 5.2 6.3 7.1 40.3 39.0 -31.7 -7.2 20.1 396.7 Central Bank of Malaysia
- Loan Disbursed to Household Sector RM Million 82,293.6 53,856.2 90,620.1 92,771.5 87,834.8 -4.0 -36.2 5.4 3.2 6.7 Central Bank of Malaysia
XIV Outstanding Loans to the Construction Sector RM Million 93,172.2 93,250.8 93,086.0 94,685.5 94,753.7 2.7 -1.0 -1.6 2.9 1.7 Central Bank of Malaysia
3.5.8 Owner Occupied Dwelling
- Loan Approved (for Residential) RM Million 20,680.4 12,161.0 29,768.9 30,513.7 28,051.4 -10.7 -60.5 -2.5 8.6 35.6 Ministry of Housing and Local Government
- Loan Disbursed (for Residential) RM Million 22,104.3 12,406.9 23,650.7 24,150.5 23,147.2 -1.5 -42.3 2.1 -5.0 4.7 Ministry of Housing and Local Government
3.5.9 Real Estate
- Index of Services Point 119.4 82.8 101.1 98.4 97.9 0.3 -32.0 -18.1 -21.2 -18.0 Department of Statistics, Malaysia
3.5.10 Health
- Index of Services - Private Health Point 123.3 103.1 118.8 119.6 117.1 1.8 -18.5 -5.0 -4.7 -5.1 Department of Statistics, Malaysia
3.5.11 Education
- Index of Services - Private Education Point 120.8 104.8 120.3 116.9 107.7 3.9 -12.4 -9.4 -11.0 -10.9 Department of Statistics, Malaysia
4.0 OTHERS
4.1 LABOUR
4.1.1 Labour Supply
- Working Age (15-64) ('000) 22,953.2 23,026.0 23,165.2 23,240.7 23,324.3 1.6 1.5 1.8 1.8 1.6 Department of Statistics, Malaysia
- Labour Force ('000) 15,790.1 15,675.5 15,840.6 15,922.3 16,008.4 1.7 0.5 1.1 1.0 1.4 Department of Statistics, Malaysia
i. Employed ('000) 15,243.5 14,883.7 15,095.6 15,161.6 15,236.5 1.6 -1.3 -0.4 -0.6 0.0 Department of Statistics, Malaysia
ii. Unemployed ('000) 546.6 791.8 745.0 760.7 771.8 5.8 52.1 45.5 48.5 41.2 Department of Statistics, Malaysia
a. Actively Unemployed ('000) 356.9 485.7 592.2 634.4 640.1 -4.4 26.7 59.5 74.8 79.3 Department of Statistics, Malaysia
b. Inactively Unemployed ('000) 189.7 306.1 152.8 126.2 131.7 32.3 122.9 8.5 -15.4 -30.6 Department of Statistics, Malaysia
- Outside Labour Force ('000) 7,163.1 7,350.5 7,324.6 7,318.4 7,316.0 1.4 3.7 3.3 3.6 2.1 Department of Statistics, Malaysia
- Labour Force Participaton Rate % 68.8 68.1 68.4 68.5 68.6 - - - - - Department of Statistics, Malaysia
- Unemployment Rate % 3.5 5.1 4.7 4.8 4.8 - - - - - Department of Statistics, Malaysia
4.1.2 Labour Demand
- Jobs ('000) 8,566.5 8,383.4 8,472.1 8,457.1 8,437.5 0.2 -2.7 -2.1 -2.4 -1.5 Department of Statistics, Malaysia
- Filled Jobs ('000) 8,400.6 8,213.9 8,292.8 8,281.2 8,259.6 0.6 -2.2 -1.8 -2.2 -1.7 Department of Statistics, Malaysia
- Rate % 98.1 98.0 97.9 97.9 97.9 - - - - - Department of Statistics, Malaysia
- Vacancies ('000) 166.0 169.5 179.3 175.9 177.9 - - - - - Department of Statistics, Malaysia
- Rate % 1.9 2.0 2.1 2.1 2.1 - - - - - Department of Statistics, Malaysia
- Jobs Created ('000) 21.87 13.67 21.03 16.72 17.38 - - - - - Department of Statistics, Malaysia
Note
Note:
p
p preliminary
preliminary
1 latest data until Fourth Quarter 2020
#
latest data
1 provisional until Fourth Quarter 2020
n.a available
# notprovisional data based on External Trade Publications March 2021
58
-n.anot applicable
not available
- not applicable
2020 2021 2020 2021

4.1.3 Labour Productivity
- Value Added per Hour Worked RM 40.0 46.4 41.1 41.7 40.2 2.1 15.4 0.1 -0.8 0.4 Department of Statistics, Malaysia
i. By Economic Activity
a. Agriculture RM 23.2 28.8 28.5 25.0 23.2 -6.9 16.1 0.9 -0.8 0.1 Department of Statistics, Malaysia
b. Mining & Quarrying RM 567.5 607.4 460.9 580.9 555.4 2.9 5.8 -5.5 -6.2 -2.1 Department of Statistics, Malaysia
c. Manufacturing RM 50.8 59.9 56.0 55.8 55.2 2.1 15.2 7.0 6.0 8.5 Department of Statistics, Malaysia
d. Construction RM 18.7 18.1 17.9 17.4 17.1 -1.6 -3.1 -8.9 -6.7 -8.6 Department of Statistics, Malaysia
e. Services RM 38.3 44.3 38.4 39.5 37.6 3.8 17.1 -1.3 -2.7 -1.7 Department of Statistics, Malaysia
- Value Added per Employment RM 22,614.0 19,468.0 23,291.0 23,604.0 22,516.0 -0.9 -16.1 -2.3 -2.9 -0.4 Department of Statistics, Malaysia
ii. By Economic Activity
a. Agriculture RM 11,997.0 13,224.0 14,918.0 13,115.0 12,191.0 -8.7 1.5 0.5 -0.7 1.6 Department of Statistics, Malaysia
b. Mining & Quarrying RM 340,807.0 282,712.0 280,029.0 348,371.0 328,213.0 -1.3 -17.9 -5.7 -9.0 -3.7 Department of Statistics, Malaysia
c. Manufacturing RM 29,769.0 25,741.0 32,502.0 32,589.0 31,522.0 -0.2 -17.3 3.7 3.2 5.9 Department of Statistics, Malaysia
d. Construction RM 15,292.0 18,768.0 18,750.0 16,464.0 14,774.0 -5.3 -40.7 -10.2 -8.4 -8.2 Department of Statistics, Malaysia
e. Services RM 95,922.0 74,608.0 134,341.0 122,558.0 110,850.0 0.6 -15.7 -3.9 -4.9 -2.6 Department of Statistics, Malaysia
4.1.4 Share of Registered Candidates by Qualification
- Non Tertiary % 5,591.0 4,065.0 5,823.0 6,161.0 5,855.0 - - - - - Jobstreet
- Tertiary % 18,239.0 12,573.0 18,065.0 18,105.0 19,345.0 - - - - - Jobstreet
- Postgraduate % 54,624.0 47,228.0 58,505.0 59,151.0 56,854.0 - - - - - Jobstreet
4.1.5 Share of Registered Candidates by Year of Experience
- <1 year % 23,715.0 17,051.0 25,281.0 24,278.0 23,509.0 - - - - - Jobstreet
- 1-4 years % 41,089.0 34,757.0 41,034.0 42,059.0 45,465.0 - - - - - Jobstreet
- 5-9 years % 33,444.0 29,589.0 44,377.0 47,670.0 36,905.0 - - - - - Jobstreet
- 10-14 years % 10,805.0 6,580.0 10,591.0 10,201.0 9,924.0 - - - - - Jobstreet
- 15-19 years % 21,680.0 18,429.0 21,779.0 22,332.0 21,110.0 - - - - - Jobstreet
- =>20 years % 12.0 20.0 12.0 14.0 13.0 - - - - - Jobstreet
4.2 STOCK MARKET

4.2.1 Kuala Lumpur Composite Index Point 1,350.9 1,501.0 1,504.8 1,627.2 1,573.5 -17.8 -10.2 -5.0 2.4 16.5 Bursa Malaysia
4.2.2 Value Traded RM Billion 162.6 227.0 359.4 319.0 310.2 14.1 71.2 201.5 143.6 90.8 Bursa Malaysia
4.3 EXCHANGE RATE

4.3.1 USD - U.S. Dollar RM per Unit 4.1798 4.3242 4.2024 4.1076 4.0639 -2.2 -4.1 -0.9 1.4 2.9 Central Bank of Malaysia
4.3.2 GBP - U.K. Pound RM per Unit 5.3504 5.3642 5.4250 5.4226 5.6048 -0.4 -0.6 -5.3 -1.1 -4.5 Central Bank of Malaysia
4.3.3 SDR - Special Drawing Right RM per Unit 5.7465 5.9182 5.8987 5.8484 5.8416 -0.9 -2.9 -2.9 -2.1 -1.6 Central Bank of Malaysia
4.3.4 SGD - Singapore Dollar RM per Unit 3.0164 3.0622 3.0564 3.0504 3.0517 0.1 -0.6 -0.9 0.2 -1.2 Central Bank of Malaysia
4.3.5 EUR - EURO RM per Unit 4.6108 4.7603 4.9092 4.8959 4.9015 0.8 -2.0 -5.6 -5.8 -5.9 Central Bank of Malaysia
4.3.6 CHF - Swiss Franc RM per 100 Units 431.9916 448.6066 456.5091 454.2992 449.5391 -5.0 -7.7 -7.4 -7.4 -3.9 Central Bank of Malaysia
4.3.7 JPY - Japanese Yen RM per 100 Units 3.8390 4.0226 3.9575 3.9314 3.8388 -3.3 -6.1 -1.9 -2.5 0.0 Central Bank of Malaysia
4.3.8 HKD - Hong Kong Dollar RM per 100 Units 53.7867 55.7871 54.2207 52.9891 52.3912 -3.1 -5.1 -1.9 0.4 2.7 Central Bank of Malaysia
Note:
Note
pp preliminary
preliminary
1 latest data until Fourth Quarter 2020
1 latest data until Fourth Quarter 2020 MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 59
# provisional data based on External Trade Publications March 2021 59
n.a not available
-n.anot applicable
not available
- not applicable
MESR MEMBERS
EDITORIAL BOARD
Jamia Aznita Jamal Farrahlizawati Mohd Isa
Noraliza Mohamad Ali Zuradi Jusoh
Wan Siti Zaleha Wan Zakaria K Megala Kumarran
Herzie Mohamed Nordin Wan Rahifah Wan Ramli
Rozita Misran Siti Norfadillah Md Saat
Rusnani Hussin @ Isa Lim Kok Hwa
Malathi Ponnusamy Noraniza Ibrahim
Mohd Sawal Shakimon Kumutha Shanmugan
Maizatil Elina Abdul Hamid Ahmad Shafique Mohamed
Siti Salwani Ismail Mohd Syahidi Alfee Mohamad Mohar
Noor Masayu Mohd Khalili Siti Rahmah Seh Omar
Nur Layali Mohd Ali Khan Diyana Amalina Fadzil
Khairul Aidah Samah Ahmad Najmi Arifin
Ahmad Redzuan Abdul Hadi Nur Aseken Md Ya’cob
Syed Ibrahim Mohd Jamaluddin Syazwani Aliah Abd Rahman
Veronica S. Jamilat Nurul Effa Farhana Halim
Mohd Firdaus Zaini Rahidah Mohd Nor
AUTHORS
Zainuddin Ahmad Noor Masayu Mohd Khalili Syed Omar Faizal Syed Mohd Yusof
Siti Asiah Ahmad Nur Layali Mohd Ali Khan Wan Aznie Fatihah Wan Abd Jalil
Norhayati Jantan Rosnah Muhamad Ali Pameza Abdul Harip
Siti Haslinda Mohd Din Siti Normah Abas Mohamad Fikri Roslan
Jamia Aznita Jamal Maizatil Elina Abdul Hamid Siti Fatimah Muhazir
Noraliza Mohamad Ali Nan Hasnani Long Padang Siti Khairunnisa Salleh
Siti Zakiah Muhamad Isa Ahmad Redzuan Abdul Hadi Siti Aisyah Afifah Azman
Ab. Rahman Mohamad Ismail Abdul Rahman Nur Azian Zainuddin
Mohd Yazid Kasim Najjah Tohar Nur Maslina Muhamed
Fuziah Md Amin Sharifah Rahimah Wan Zain Md Sobri Md Yusoff
Wan Siti Zaleha Wan Zakaria Mohammad Darahim Ibrahim Nurul Fadhillah Mohd Asmadee
Herzie Mohamed Nordin Nurulhuda Abdul Samarudin Mohammad Luqman Humaidi
Rozita Misran Nazirah Ibrahim Nor Rizwan Abu Bakar
Razaman Ridzuan K Megala Kumarran Kalana Macha
Mohd Sawal Shakimon Rita Ithnin Josephin Anak Puis
Shahriman Haron Nur Hafiz Mohamad Noor Nur Fazlin Abdullah
Salmiah Ponggot Fateh Md Yunus Muhammad Fadhil Mujab
Malathi Ponnusamy Siti Nuraini Rusli
Khairul Aidah Samah Nurul Ainie Hamid

ACKNOWLEDGEMENT
National Accounts Statistics Division
Services Statistics Division
Industrial Production & Construction Statistics Division
International Trade Statistics Division
Balance of Payments Statistics Division
Economic Indicators Division
Malaysian Bureau of Labour Statistics
Agriculture and Environment Statistics Division
Prices, Income and Expenditure Statistics Division
Methodology and Research Division
Core Team Big Data Analytic
Integration & Data Management Division
Institute of Labour Market Information and Analysis
Department of Statistics, Malaysia Selangor

#St at s M a l a y s ia || # M y S t a t s D a y
# M y C e n s us 20 20 || # L e a v e N o O n e B e h i nd

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MALAYSIA

JABATAN PERANGKAAN MALAYSIA

Please be informed that the Government of Malaysia has declared

JABATAN PERANGKAAN MALAYSIA

Department of Statistics, Malaysia

Tel. : 03-8885 7000

Published on 27th May 2021.

All rights reserved.

“Source: Department of Statistics, Malaysia”.

MOVEMENT CONTROL ORDER 04

INDUSTRY AND MANUFACTURING 22

2 | MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

DATO’ SRI DR. MOHD UZIR MAHIDIN

MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 3

| MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

another 2 weeks until 28

MCO/ CMCO/ RMCO

On 2 February 2021 On 2 March 2021 On 30 March 2021

CMCO announcement by Senior Minister RMCO 1-14 April 2021

Klang Valley, Pulau Pinang, Melaka Committee (SDMC) On 16 March 21

MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 |

MCO/ CMCO/ RMCO

On 12 April 2021 On 27 April 2021 On 4 May 2021 On 22 May 2021

CMCO 13 - 26 April 2021

| MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 7

8 | MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

Source: Various NSOs of selected countries

Malaysia’s Economy in First Quarter of 2021

Source: Department of Statistics, Malaysia

MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 9

10 | MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

Chart 1: Annual Growth

Source: Department of Statistics, Malaysia

MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 11

DIGITAL GAP AMONG STUDENTS IN MALAYSIA

HOUSEHOLDS OWNERSHIP OF ICT EQUIPMENT

Exhibit 1a: Percentage of Households Ownership of ICT Equipment, 2019

Source: Department of Statistics, Malaysia

12 | MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

Household Members Rural 26.7% 8.3% 2.5% 1.9%

Household Members Rural 19.8% 10.7% 2.2% 2.2%

Source: Department of Statistics, Malaysia

98.7% 96.5% 98.8% 97.7% 99.4% 97.7%

Bumiputera Chinese Indian

MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 13

Malaysia 13.6 58.5 17.9 97.6 20.5 92.2 21.4 98.8

Source: Department of Statistics, Malaysia

14 | MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

Sewidan, N. (2015, 4 26). The Borgen Project. Retrieved from https://borgenproject.org/digital-poverty/

MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021 | 15

16 | MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

Source: Malaysian Palm Oil Board

Chart 3: Production by Major

Source: Malaysian Palm Oil Board

18 | MALAYSIAN ECONOMIC STATISTICS REVIEW - VOL. 5/2021

Source: Malaysian Palm Oil Board

Palm Oil Palm Kernel Oil Palm Kernel