Favourable Economic Activity in July 2020 Points Towards a Recovery for Malaysia: DOSM

Datuk Seri Dr Mohd Uzir Mahidin, Chief Statistician at the Department of Statistics Malaysia, stated that Malaysia is on the road to recovery, evidenced by favourable macro-economic indicators in July 2020, following the reactivation of economic activities, together with the stimulus packages introduced by the Government of Malaysia.

According to Mahidin, this outlook was based on an increase in the total labour force in Malaysia to 15.82 million in July 2020, compared to 15.76 million recorded the previous month, with the unemployment rate also declining to 4.7% in July 2020, compared to 4.8% in June 2020.

Turnover in the manufacturing sector increased to MYR 119.3 billion in July...