Datuk Seri Mustapa Mohamed is pictured in Parliament October 7, 2019. — Picture by Yusof Mat IsaKOTA BARU, May 8 — The country’s economic recovery is on the right track as measures taken by the government are beginning to show positive results, including the strengthening foreign revenue and demand, said Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed.
“Additionally, the sales value of the manufacturing sector increased by 15.3 per cent in March 2021 — a 44-month high, supported by sales of transport equipment and other manufacturing products, electrical and electronics products, as well as food, beverage and tobacco products,” he said in a statement today.
The minister also noted that exports grew by 31.0 per cent to RM104.9 billion in March 2021 — a 44-month high, while imports increased 19.2 per cent to RM80.8 billion. “However, the services index, which tracks the overall performance of the services sector, contracted by 3.6 per cent in the first quarter of 2021.