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KUALA LUMPUR: The manufacturing and agricultural sectors are among the main contributors to the country’s economic growth during the Covid-19 pandemic, said Deputy Minister of the Prime Minister’s Department (Economy) Arthur Joseph Kurup.
He said the latest indicators showing better economic achievement included the performance of the manufacturing sector’s output index, which increased 2.1 percent in September 2020 compared to a 2.1 percent contraction in August 2020.
The value of sales from the manufacturing sector also increased by 3.7 percent in September to RM121.2 billion, it added.
In addition to that, he said that the price of crude palm oil has once again recovered above the level of RM3,000 per tonne to RM3,422 per tonne in November 2020 compared to the lowest level of RM2,074 per ton in May 2020.
“The price of SMR20 rubber rose to its highest level of RM6.33 per kilogram in November 2020 from the lowest price level of RM4.73 per kilogram in April 2020,” he said in response to a question from Rubiah Wang. (GPS-Kota Samarahan) at the Dewan Rakyat today.
Rubiah wanted to know which economic sectors contributed the most and helped the country’s economic growth during the Covid-19 pandemic.
Arthur said that the service sector was the largest sector contributing to the country’s economic growth in 2019, accounting for 57.7 percent of gross domestic product (GDP).
“The second largest sector was the manufacturing sector which contributed 22.3 percent to GDP, followed by the agricultural sector, as well as mining and quarrying, with each contributing 7.1 percent,” he said. , adding that the fifth sector was the construction sector that contributed 4.7 percent of GDP during the same period. – Called
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