Overview
- Malaysia’s
Producer Price Index (PPI) declined by negative 2.3 per cent in July 2023 as
against negative 4.8 per cent in June 2023.
- The
Mining sector decreased by negative 10.8 per cent (June 2023: -16.6%) affected by a contraction of the
Extraction of crude petroleum index (-14.8%). The
Manufacturing sector declined by negative 2.1 per cent, dragged down by
Manufacture of coke & refined petroleum products (-11.7%) and Manufacture
of food products (-8.9%) indices. Meanwhile, the Agriculture, forestry &
fishing sector posted its first increase in 2023, up by 3.6 per cent after a
double-digit decrease of negative 20.4 per cent in June 2023 due to the indices of Animal production
(6.8%). For the utility sector, the Water supply and
Electricity & gas supply indices went up 3.1 per cent and 0.1 per cent,
respectively.
- On
a monthly basis, PPI local production marginally increased by 0.2 per cent in
July 2023 (June 2023: -0.3%). The Mining sector increased by 3.1 per cent due to the index of Extraction of
crude petroleum (4.2%). The Agriculture, forestry &
fishing sector went up by 1.0 per cent with the index of Growing of perennial
crops posting an increase of 2.2 per cent. On the other hand, the Manufacturing
sector decreased by negative 0.2 per cent. For the utility sector, the
Electricity & gas supply and Water supply indices went down by negative 0.1
per cent and negative 0.3 per cent, respectively.
- In
terms of PPI Local Production by stage of processing, the index of Crude materials
for further processing index
continued to decrease by negative 6.3 per cent in July 2023 (June
2023: -18.7%), with the Non-food materials index recording a negative 8.7 per
cent. The Intermediate materials, supplies & components index also posted a
negative 3.3 per cent due to Processed fuel & lubricants (-7.1%) and
Materials & components for manufacturing (-6.2%) indices. Meanwhile, the
Finished goods index edged up 3.4 per cent, attributed to the increase in
Capital equipment (4.7%) and Finished consumer goods (1.7%).
- Both
index of Crude materials
for further processing and and Finished goods indices increased
by 1.9 per cent and 0.1 per cent, respectively. Meanwhile, the Intermediate
materials, supplies & components index went down by negative 0.4 per cent
in July 2023.
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