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Malaysia’s producer price index eases to 6.8% in August

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 The Producer Price Index PPI for local production in Malaysia eased further to 6 8 per cent in August as compared to 7 6 per cent in July official data showed Thursday The August increase was attributed to the manufacturing and mining index which grew 9 4 per cent and 5 8 per cent respectively The Department of Statistics Malaysia said in a statement Meanwhile the agriculture forestry and fishing index fell 10 6 per cent in August However water supply and electricity and gas supply indices recorded an increase of 3 per cent and 0 9 per cent in August respectively For a monthly comparison the PPI for local production in Malaysia declined for three consecutive months with a fall of 0 2 per cent in August The decrease was due to the mining index which recorded a decline of 3 7 per cent In addition the manufacturing index also posted a decrease of 0 1 per cent in August It recorded the first decline since September 2020 0 2 per cent after posting an increase for 22 consecutive months NewsSourceCredit NAN
Malaysia’s producer price index eases to 6.8% in August

Producer Price Index

The Producer Price Index (PPI) for local production in Malaysia eased further to 6.8 per cent in August as compared to 7.6 per cent in July, official data showed Thursday.

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The August increase was attributed to the manufacturing and mining index which grew 9.4 per cent and 5.8 per cent respectively.

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Department of Statistics Malaysia

The Department of Statistics Malaysia said in a statement.

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Meanwhile, the agriculture, forestry and fishing index fell 10.6 per cent in August.

However, water supply and electricity and gas supply indices recorded an increase of 3 per cent and 0.9 per cent in August, respectively.

For a monthly comparison, the PPI for local production in Malaysia declined for three consecutive months with a fall of 0.2 per cent in August.

The decrease was due to the mining index which recorded a decline of 3.7 per cent.

In addition, the manufacturing index also posted a decrease of 0.1 per cent in August.

It recorded the first decline since September 2020 (-0.2 per cent) after posting an increase for 22 consecutive months.

NewsSourceCredit: NAN

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