PETALING JAYA: The Producer Price Index (PPI) for local production declined 5.1% year-on-year in April to 99.9, the lowest rate of change since November 2015, led by a decrease in the index of mining of 58.3%, while the water supply index dropped 1.0%
“In contrast, the month saw the index of agriculture, forestry and fishing increased 8.7%, followed by electricity & gas supply index (0.2%) and manufacturing index (0.1%),” chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement today.
On monthly basis, the PPI for local production fell 2.7% as compared to March 2020, attributed to the decline in all sectors, mining (-30.6%), agriculture, forestry & fishing (-3.2%), manufacturing (-0.7%), water supply (-0.6%) and electricity & gas supply (-0.3%).
Meanwhile, the PPI for local production by stage of processing indicated a sharp decline in crude materials for further processing (-28.9%), mainly due to the price decrease in petroleum products.
On the other hand, intermediate materials, supplies & components and finished goods registered an increase of 0.4% and 1.1% respectively.