Overview

PRODUCER PRICE INDEX (2010=100) BY SECTOR (MSIC 2008)

The Producer Price Index (PPI) local production decreased 5.1 per cent in April 2020 to 99.9 as against 105.3 in the same month of the previous year. This is the lowest rate of change recorded since November 2015. The Mining index registered a higher rate of decline at 58.3 per cent while Water supply index drop at 1.0 per cent. In contrast, the index of Agriculture, forestry & fishing increased 8.7 per cent followed by Electricity & gas supply index (0.2%) and Manufacturing index (0.1%).

On a monthly basis, the PPI local production dropped 2.7 per cent as compared to March 2020. The decline was contributed by the decrease in all sectors: Mining (-30.6%), Agriculture, forestry & fishing (-3.2%), Manufacturing (-0.7%), Water supply (-0.6%) and Electricity & gas supply (-0.3%). [Table 1]

Table 1 : Producer Price Index (2010=100) Local Production by Sector (MSIC 2008), Malaysia

PRODUCER PRICE INDEX BY STAGE OF PROCESSING

As compared with the same month a year ago, the PPI for local production by stage of processing (SOP) for April 2020 decreased 5.1 per cent. The decrease was supported by the negative index of Crude materials for further processing at 28.9 per cent. Nevertheless, the index of Finished goods and Intermediate materials, supplies & components increased 1.1 per cent and 0.4 per cent respectively.

The decrease 2.7 per cent in PPI local production by SOP from previous month was due to the decline in Crude materials for further processing (-14.1%) and Intermediate materials, supplies & components (-0.7%). Conversely, Finished goods rose 0.1 per cent. [Table 2]

Table 2 : Producer Price Index (2010=100), Local Production by Stage of Processing

Released by:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
 DrUzir_Mahidin    Dr_Uzir

29 May 2020

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