PUTRAJAYA, September 30 – The Producer Price Index (PPI) local production which measures the costs of goods at the factory gate edged up 11.3 per cent year-on-year in August 2021 as compared to negative 2.8 per cent recorded in the same month of the preceding year, the Department of Statistics Malaysia reported today in its newly published monthly report, the PRODUCER PRICE INDEX (PPI) LOCAL PRODUCTION, AUGUST 2021.
In a statement today, Dato’ Sri Dr. Mohd Uzir Mahidin, the Chief Statistician Malaysia, said, “The PPI local production recorded an increase for the straight seven months. The increase in August 2021 was attributed mainly by the Mining index that surged 51.8 per cent (August 2020: -33.7%), followed by the indexes of Agriculture, forestry & fishing and Manufacturing with year-on-year growth of 27.6 per cent and 7.1 per centrespectively. The utility index also registered an increase of 0.4 per cent for Electricity & gas supply index, while, Water supply index recorded a drop of 0.4 per cent.”
He also said, “Due to the base effect last year, some primary commodities were seen to have registered unusual increases this year. As for example, the index for Crude Oil and Natural Gas & Liquefied Natural Gas (LNG) showed an increase since March and May 2021 respectively. On the other hand, Integrated Circuits increased for the first time after continuously recorded negative growth for the straight twelve months.”
In terms of a month-on-month comparison, Dato’ Sri Dr. Mohd Uzir Mahidin added, “The PPI local production rose 0.6 per cent in August 2021, the same growth recorded in July 2021. The index of Agriculture, forestry & fishing moved up 2.8 per cent as opposed to 2.2 per cent recorded in the previous month. The increase of 0.6 percentage points was due to higher prices of Chicken (5.2%) and Fresh Fruit Bunches (3.6%). Nevertheless, the Mining index registered a decline of negative 0.8 per cent (July 2021: 3.9%) attributed by the fall in Crude Oil prices (-2.9%) despite continuous rise in Natural Gas commodity prices (10.1%).
On the other hand, the Manufacturing index recorded an increase of 0.4 per cent contributed by an increase in the prices of refined petroleum commodity (2.0%), commodity based on vegetable and animal oils and fats (0.5%) and products related to electronic components and boards (0.4%). Index of Electricity & gas supply also increased 0.1 per cent while Water supply index decreased by negative 0.2 per cent.”
Dato’ Sri Dr. Mohd Uzir Mahidin further explained that, “In August 2021, the PPI local production by stage of processing showed that the index of Crude materials for further processing increased 30.9 per cent as opposed to negative 8.7 per cent recorded in the same month of the previous year. The increase was contributed by indexes of Non-food materials and Foodstuffs & feedstuffs which moved up 37.5 per cent and 4.4 per cent. Similarly, the index of Intermediate materials, supplies & components also increased 11.2 per cent (August 2020: -2.0%) supported mainly by Processed fuel & lubricants (20.0%) and Materials & components for manufacturing (12.7%) indexes. However, the index of Finished goods registered a decrease of 1.3 per cent.
The same trend can be seen in terms of month-on-month comparison where the indexes of Crude materials for further processing and Intermediate materials, supplies & components increased 0.6 per cent and 1.0 per cent respectively. Meanwhile, the index of Finished goods decreased 0.2 per cent.” The Malaysia Population and Housing Census 2020 (Malaysia Census 2020) via online (e-Census) is being conducted nationwide until full coverage has been accomplished. All Malaysian residents are urged to cooperate in realising the success of Malaysia Census 2020 to ensure that no one is left behind as your data is our future. Please visit the
