Overview
The continuous downturn trend is
mainly due to the decline in Agriculture, forestry & fishing and Mining
sectors which continued to record negative changes for four consecutive months
in 2023. The Agriculture, forestry & fishing sector continued to show a
negative trend, recording double digit negative 26.0 per cent (March 2023:
-28.7%). The Mining sector also declined by 4.7 per cent in April 2023 compared
to negative 11.5 per cent in the previous month. Meanwhile, the Manufacturing
sector registered a marginal increase of 0.1 per cent (March 2023: 1.4%). In
the meantime, for the utility sector, Water supply and Electricity & gas
supply went up 3.2 per cent and 0.1 per cent, respectively.
On
a monthly basis, PPI local production posted a marginal increase of 0.2 per cent in April 2023 as
compared to 0.3 per cent in the prior month. The Agriculture, forestry &
fishing sector inched up 0.8 per cent, attributed to the increase in the
Growing of perennial crops index (1.1%). The Mining sector posted an increase
of 0.5 per cent (March 2023: -0.6%), in tandem with the increase of Extraction
of crude petroleum index (1.5%). Manufacturing sector also moved in the same
direction to record an increase of 0.1 per cent (March 2023: -0.1%). On the
other hand, the Electricity & gas sector declined by negative 0.6 per cent
as against 0.5 per cent in the previous month, while Water supply sector
remained unchanged.
In
terms of PPI Local Production by stage of processing, index of Crude materials
for further processing slipped further to negative 17.6 per cent in April 2023 (March 2023: -21.0%).
Intermediate materials, supplies & components went down negative 0.1 per
cent in this month (March 2023: 1.5%). However, Finished goods rose by 3.5 per
cent (March 2023: 3.9%).
Month
on month, Crude materials
for further processing and Intermediate materials, supplies
& components indices increased by 0.7 per cent and 0.2 per cent,
respectively. Conversely, Finished goods inched down negative 0.1 per cent.
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