Producer Price Index
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Producer Price Index – Local Production, December 2024
Producer Price Index – Local Production, November 2024 27 November 2024
Producer Price Index – Local Production, October 2024 28 October 2024
Producer Price Index – Local Production, September 2024 26 September 2024
Producer Price Index – Local Production, August 2024 28 August 2024
Producer Price Index – Local Production, July 2024 29 July 2024
Producer Price Index – Local Production, June 2024 Show all release archives
Overview
Malaysia’s Producer Price Index increased marginally by 0.5 per cent in December 2024, ending a three-month decline since September 2024
- Malaysia's
Producer Price Index (PPI) increased
marginally by 0.5 per cent year-on-year in December 2024, from a 0.4 per cent
decline in the previous month.
The Agriculture, forestry & fishing sector recorded a significant increase of 23.8 per cent in December 2024, (November 2024: 21.8%) due to Growing of perennial crops (41.9%). Meanwhile, the Mining sector contracted by 7.0 per cent, (November 2024: -8.3%) primarily driven by the Extraction of crude petroleum index (-9.7%). The Manufacturing sector saw a slight decline of 1.0 per cent (November 2024: -1.8%), due to the Manufacture of coke & refined petroleum products (-15.5%). On the other hand, the Electricity & gas supply sector increased by 0.9 per cent, while the Water supply sector continuing its upward trend by 6.7 per cent.
- On a month-on-month basis, the PPI Local Production continued
to increase by 0.8 per cent in December 2024 as compared to 1.4 per cent in
November 2024. The Agriculture, forestry & fishing sector rose by 1.6 per
cent (November 2024: 8.5%), supported by the Growing of perennial crops index
(2.1%). The Manufacturing sector performed positively, increasing by 0.8 per
cent (November 2024: 0.3%), led by the Manufacture of food products (3.2%).
Conversely, the Mining sector recorded a marginal decline of 0.2 per cent
(November 2024: 5.7%), dragged down by the Extraction of natural gas index
(-2.4%). In the utilities sector, the Electricity & gas supply sector
declined by 0.2 per cent, while the Water supply sector decreased by 0.3 per
cent.
- The Crude materials for further processing index
recorded a year-on-year increase of 1.9 per cent (November 2024: -2.0%),
supported by the Non-food materials index. The Finished goods index rose by 0.5
per cent (November 2024: 0.4%), due to the Capital equipment index. Meanwhile,
the Intermediate materials, supplies & components index edged up slightly
by 0.1 per cent (November 2024: -0.2%), driven by the Materials &
components for manufacturing index.
- On a monthly basis, the Crude materials for further
processing index increased by 1.5 per cent in December 2024. The Intermediate
materials, supplies & components index rose by 0.6 per cent, while the
Finished goods index recorded a rise of 0.4 per cent.
- The PPI Local Production decreased by 0.8 per cent in
the fourth quarter of 2024, (Q3 2024: -0.2%). The decline was due to Mining
(-11.0%) and Manufacturing (-1.8%) sectors. Conversely, the Agriculture,
forestry & fishing sector recorded an increase of 19.8 per cent, while
Water supply and Electricity & gas supply increased by 6.7 per cent and 0.9
per cent, respectively. Meanwhile, quarter-on-quarter basis, the PPI showed a 0.8
per cent decline (Q3 2024: 1.6%).
- In 2024, the PPI local production increased by 0.3 per
cent, after a decrease of 1.9 per cent in 2023. The incline was particularly
supported by the Agriculture, forestry and fishing of (7.9%). Likewise, Water
supply and Electricity & gas supply sectors increased by 6.5 per cent and
0.6 per cent, respectively. However, both Mining and Manufacturing sectors
declined by 2.0 per cent and 0.3 per cent, respectively.
Press Statement
Technical Notes / Methodology
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