Overview

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

The Producer Price Index (PPI) of local production climbed 10.6 per cent in April 2021, 3.9 points higher than 6.7 per cent recorded last month. The growth was driven by the Mining index which surged 92.4 per cent from 32.0 per cent in the previous month. The sharp rise was mainly due to a low base effect and continued rise in commodity and raw material prices, as a result of the recovery in global demand and various supply constraints. The Agriculture, forestry & fishing index continued to increase 49.8 per cent as compared to 41.1 per cent in the previous month. Subsequently, Manufacturing and Water supply indices also registered an increase of 3.5 per cent and 1.2 per cent respectively. Meanwhile, Electricity & gas supply index decline 0.8 per cent.

On a monthly basis, the PPI local production registered marginal increase of 0.8 per cent in April 2021 as compared to 0.7 per cent in the previous month. All sectors showed a momentum of growth; Agriculture, forestry & fishing (2.8%), Mining (1.2%), Water supply (0.6%), Manufacturing (0.5%) and Electricity & gas supply (0.3%).

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

PRODUCER PRICE INDEX BY STAGE OF PROCESSING

The index of Crude materials for further processing surged to 55.8 per cent in April 2021 as compared to 31.8 per cent recorded in March 2021. The index of Intermediate materials, supplies & components also increased 4.8 per cent. Meanwhile, Finished goods index recorded negative 0.7 per cent, due to lower price in semiconductor related to electric & electronics components and motor vehicles. However, Finished goods related to food products registered an increase of 3.8 per cent.

Month on Month, Crude materials for further processing and Intermediate materials, supplies & components indices registered an increase of 1.6 per cent and 1.2 per cent respectively. Meanwhile, Finished goods declined 0.4 per cent.

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

The full publication of the Producer Price Index Malaysia, April 2021 can be downloaded from  eStatistik portal.

Released by:

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

31 May 2021

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