November domestic PPI up 2.2 pct to 103.8
KUALA LUMPUR: Malaysia’s domestic Producer Price Index (PPI) for November 2016 improved by 2.2 per cent to 103.8 from the 101.6 registered in the same period last year, the Statistics Department said.
In a statement, the department said the highest increase was recorded by agriculture, forestry and fishing index (26.7 per cent) followed by electricity and gas (three per cent), manufacturing (0.6 per cent) and water supply (0.4 per cent).
In contrast the index for mining declined by 4.8 per cent.
“On a monthly basis, the PPI for local production improved by 1.1 per cent in November due to increases in two sectors, namely agriculture, forestry and fishing (six per cent) and manufacturing (1.1 per cent).
“However, the index for mining, water supply and electricity and gas recorded a decrease of 4.3 per cent, 0.9 per cent and 0.1 per cent respectively,” it said.
The department said the PPI for local production by stage of processing (SOP) improved by 1.1 per cent in November compared to the previous month.
This was due to increases in the indices for intermediate materials, supplies and components (two per cent) and crude materials for further processing (0.1 per cent).
Meanwhile, the index for finished goods remained unchanged.
“Compared with the same month a year ago, the PPI for local production by SOP for November 2016 increased by 2.2 per cent driven by an increase in the index for crude materials for further processing ( 10.7 per cent) and intermediate materials, supplies and components (0.6 per cent).
“However, the index for finished goods dropped by 0.1 per cent,” it said. — Bernama