Overview

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

The Producer Price Index (PPI) local production continued to increase with a growth of 6.7 per cent in March 2021, 4.0 point higher than 2.7 per cent recorded last month. Based on PPI record, this is the highest increase since August 2017. The growth was driven by the increase in the Mining index which rebounded to 32.0 per cent as compared to negative 11.0 per cent in the previous month. The Agriculture, forestry & fishing index marked a new high growth of 41.1 per cent as commodities recorded higher prices this month. Subsequently, Manufacturing index also registered an increase of 2.2 per cent resulted from a higher price of petroleum and agriculture commodities. Meanwhile, Electricity & Gas supply and Water supply indices recorded a decline of 1.4 per cent and 0.1 per cent respectively.

On a monthly basis, the PPI local production recorded an increase of 0.7 per cent in March 2021, down from 1.5 per cent in February 2021. All four indices continued its momentum of growth; Agriculture, forestry & fishing (2.3%), Mining (1.0%), Manufacturing (0.6%) and Electricity & gas supply (0.8%). Meanwhile, the Water supply index fell 0.2 per cent.

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

PRODUCER PRICE INDEX FOR FIRST QUARTER 2021

The PPI local production for the first quarter of 2021 rose 3.0 per cent to 108.5 from 105.3 in the same quarter of the previous year. The growth was due to the higher indices of Agriculture, forestry & fishing (32.6%), Manufacturing (1.6%) and Water supply (0.4%). Meanwhile, the Mining and Electricity & gas supply indices both recorded a decline of 7.3 per cent and 1.7 per cent respectively. For quarterly comparison, the PPI local production increased by 5.1 per cent from 2.0 per cent in the fourth quarter of 2020.

Table 2 : Average Index and Percentage Change of Quarterly PPI Local Production by Sector

PRODUCER PRICE INDEX BY STAGE OF PROCESSING

The index of Crude materials for further processing surged to 31.8 per cent from 10.0 per cent in February 2021. The index of Intermediate materials, supplies & components also increased 2.8 per cent. However, the Finished goods recorded a negative 0.2 per cent.

Month on Month, the Crude materials for further processing index increased by 1.9 per cent from 5.4 per cent in the previous month. The Intermediate materials, supplies & components index also recorded an increase of 0.7 per cent (February 2021: 0.9%). However, the index of Finished goods decreased 0.3 per cent.

Table 3 : Producer Price Index (2010=100) Local Production by Stage of Processing

The full publication of the Producer Price Index Malaysia, March 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

28 April 2021

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