Malaysia Average Monthly Wages in Manufacturing  Forecast


Malaysia Average Monthly Wages in Manufacturing
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Wages in Manufacturing in Malaysia is expected to be 3520.00 MYR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Malaysia to stand at 3700.00 in 12 months time. In the long-term, the Malaysia Average Monthly Wages in Manufacturing is projected to trend around 4220.00 MYR/Month in 2020, according to our econometric models.


Malaysia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.4 3.5 3.4 3.4 3.5 4.1
Employed Persons 14544 14698 14820 14909 14521 15500
Unemployed Persons 516 524 510 510 507 511
Labor Force Participation Rate 67.9 67.8 67.7 67.7 67.33 67.9
Job Vacancies 444659 306000 280650 280650 291211 327000
Minimum Wages 1000 1000 1000 1000 1500 2000
Wages in Manufacturing 3392 3520 3600 3650 3700 4220
Population 31.7 32.23 32.36 32.48 32.61 33.72
Retirement Age Women 60 59 60 60 59 59
Retirement Age Men 60 59 60 60 59 59
Wages 2463 2600 2750 2750 2750 2930