KUALA LUMPUR, December 29 — Malaysia’s Producer Price Index (PPI) sustained its downward trend in November 2023, reporting a larger year-on-year contraction of 1.5%, compared to 0.3% in October. The Department of Statistics Malaysia (DoSM) highlighted that all sectors, except water supply, experienced negative growth.
The mining sector, particularly natural gas and crude petroleum extraction, saw a significant decline of 4.7%, while the manufacturing sector contracted by 1.4%, influenced by coke and refined petroleum products, and food manufacturing. The agriculture sector reported a 0.4% contraction due to a decline in perennial crop cultivation, and electricity and gas supply shrank by 0.6%. Despite a monthly decline of 0.7% in local production PPI, finished goods index grew 1.7% year-on-year, while intermediate materials and crude materials indices experienced contractions.
