September PPI up 0.4% on annual basis
PETALING JAYA: The Producer Price Index (PPI) for local production saw its first positive growth on a year-on year basis, up 0.4% in September 2016, after declining for the prior 24 months, according to the Statistics Department.
The highest increase was recorded by agriculture, forestry & fishing (+28.3%) followed by water supply (+2.4%) and electricity & gas (+1.4%). In contrast, the index for mining and manufacturing decreased by 11.3% and 1.1% respectively.
The PPI for local production inclined by 1.8% in September 2016 compared to August 2016. This was due to increases in three sectors, namely, Agriculture, Forestry & fishing (+5.1%), manufacturing (+1.7%) and water supply (+0.4%). However, the mining index declined by (-1.1%), while, electricity & gas index remained unchanged.
Compared with the same month a year ago, the PPI for local production by stage of processing (SOP) for September 2016 increased by 0.4%. This was due to increases crude materials for further processing (+10.0%) and finished goods (+0.1%). However, index for intermediate materials, Supplies and Components fell by 2.6%.
The PPI for local production by SOP inclined by 1.85% in September 2016 from August.