PETALING JAYA: Malaysia’s Producer Price Index (PPI) recorded a 2.2% contraction year-on-year (yoy) in July 2019 with mining reporting the highest decline at 9.9%, followed by agriculture, forestry & fishing (-6.5%), water supply (-2.8%) and manufacturing (-0.9%).
“However, the index of electricity & gas supply edged up by 1.5%,” according to Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin in a statement today.
Compared to the previous month, Malaysia’s PPI declined by 0.1% in July, with mining reported the highest rate of decline at 1.2%, followed by water supply and manufacturing which saw a 0.4% and 0.1% drop, respectively.
Meanwhile, agriculture, forestry & fishing rose 1.3%, while electricity & gas supply increased 0.2%.
From January to June, PPI decreased by 2.0% compared to the same period last year.
The chief statistician revealed that in July PPI for local production production by stage of processing (SOP) declined by 2.2%, due to decline in crude materials for further processing (-7.7%) and intermediate materials, supplies & components (-1.8%).
“Conversely, the index for finished goods increased 1.3%.” he said.
On a monthly basis, the PPI local production by SOP for July 2019 decreased
0.1% contributed by a drop of 0.7% in crude materials for further processing.
On the other hand, the index of Intermediate materials, supplies & components increased by 0.1%, while finished goods remained unchanged.
