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Producer Price Index – Local Production, September 2024
Latest Release : 28 October 2024
Upcoming release : 28 May 2025
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 27 June 2024
Producer Price Index – Local Production, May 2024 28 May 2024
Producer Price Index – Local Production, April 2024 26 April 2024
Producer Price Index – Local Production, March 2024 Show all release archives
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 27 June 2024
Producer Price Index – Local Production, May 2024 28 May 2024
Producer Price Index – Local Production, April 2024 26 April 2024
Producer Price Index – Local Production, March 2024 Show all release archives
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Overview
Malaysia’s Producer Price Index went down by 2.1 per cent in September 2024, the second time decrease recorded this year after January 2024
- Malaysia’s Producer Price Index (PPI) went
down by 2.1 in September 2024, as compared to a 0.3 per cent increase in the
previous month.
- The decrease in PPI Local Production for
September 2024 was mainly affected by the Mining sector, which posted a
double-digit decrease of 16.1 per cent (August 2024: -8.3%). The index of both
Extraction of crude petroleum and Extraction of natural gas went down by 18.6
per cent and 7.9 per cent, respectively. At the same time, the Manufacturing
sector contracted by 1.5 per cent (August 2024: 1.0%), attributed to the
Manufacture of coke & refined petroleum products index (-18.7%). Meanwhile,
the Agriculture, forestry & fishing sector increased by 5.8 per cent
(August 2024: 2.7%) with the Growing of perennial crops index recording an
increase of 11.2 per cent. For utility sectors, the Water supply index edged up
by 7.8 per cent, while the Electricity & gas supply index went up by 0.3
per cent.
- On a monthly basis, PPI Local Production
continued to decrease by 1.5 per cent in September 2024 (August 2024:-0.9%).
Other sectors recorded a decrease except the Agriculture, forestry &
fishing sector, which went up by 1.6 per cent. The Mining sector declined by
3.4 per cent and the Manufacturing sector continued to decrease by 1.7 per
cent. Similarly, the Water supply sector went down by 0.5 per cent and the
Electricity & gas supply declined 0.3 per cent.
- The Finished goods index went up 1.5 per cent
(August 2024: 3.5%) contributed by the Capital equipment (3.5%) index.
Meanwhile, the Crude materials for further processing index decreased by 9.5
per cent (August 2024: -3.5%), due to the Non-food materials index (-11.3%).
The Intermediate materials, supplies & components index also down by 1.1
per cent (August 2024: 0.2%) due to the Processed fuel & lubricants
(-11.0%).
- On a monthly basis,
all stages of processing recorded a decrease in this month. The Crude materials for further processing index decreased by
2.6 per cent, while the Finished goods index declined by 1.8 per cent. The
Intermediate materials, supplies & components index also went down by 1.1
per cent.
- PPI Local Production
recorded a marginal decrease of 0.2 per cent in the third quarter of 2024 as
compared to 1.6 per cent in the second quarter of 2024, mainly attributed to
the Mining sector (-7.7%). Conversely, the Agriculture, forestry &
fisheries sector increased by 4.0 per cent, while the Manufacturing sector
inched up by 0.2 per cent. In the meantime, Water supply and Electricity &
gas supply increased by 8.2 per cent and 0.5 per cent, respectively. Meanwhile,
PPI shrank by 1.6 per cent on a quarter-on-quarter basis, as compared to 1.1
per cent in the second quarter of 2024 attributed to all sectors except the
Water supply.
Press Statement
Technical Notes / Methodology
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