KUALA LUMPUR (XINHUA) – Malaysia’s producer price index (PPI), which measures the prices of goods at the factory gate, fell 2.3 per cent in July as against a contraction of 4.8 per cent in June, official data showed yesterday.
The mining sector decreased by 10.8 per cent, the Department of Statistics Malaysia said in a statement.
Meanwhile, the manufacturing sector declined by 2.1 per cent, dragged down by the manufacture of coke and refined petroleum products and manufacture of food products indices. The agriculture, forestry and fishing sector, however, posted its first increase in 2023, up 3.6 per cent after a double-digit decrease of 20.4 per cent in June.
The increase was attributed to the indices for animal production and growing of perennial crops.
For the utility sector, the water supply and electricity and gas supply indices went up 3.1 per cent and 0.1 per cent, respectively.
On a monthly basis, the PPI for local production marginally increased 0.2 per cent in July.
