Business

PPI falls at slower pace

Mining, electricity and gas supply index record decrease of 40.0% and 1.7%, respectively

Updated 5 years ago · Published on 27 Jan 2021 1:30PM

PPI falls at slower pace
The electricity and gas supply index recorded a decrease of 1.7% last month, says the Statistics Department. – File pic, January 27, 2021

KUALA LUMPUR – The producer price index (PPI) for local production declined at a slower rate of 2.1% year-on-year (y-o-y) last month compared with 3.0% in November 2020.

The Statistics Department said the continuous increase in the index of agriculture, forestry & fishing (23.5%) and the positive change in manufacturing index (0.2%) reinforced the momentum of the overall index. 

"The index of water supply also increased 0.7%. However, the mining index and electricity and gas supply index still recorded a decrease of 40.0% and 1.7%, respectively," chief statistician Datuk Seri Mohd Uzir Mahidin said in a statement today.

He said on a monthly basis, the PPI local production rose 1.7% last month. The increase was supported by the index of mining, which recorded a double-digit increase of 13.0%, followed by agriculture, forestry & fishing (up 4.2%) and manufacturing (up 0.9%). 

Meanwhile, electricity and gas supply and water supply declined 0.9% and 0.2%, respectively.

PPI local production for the period of January to December 2020 declined 2.7%, equivalent to the changes for the period of January to November 2020.

The Statistics Department also reported that the PPI local production for the fourth quarter of 2020 declined 2.9% to 103.2 compared to 106.3 in the same quarter of the previous year. 

On a quarterly basis, however, the PPI local production increased 2.0% from 1.2% in the Q3 2020.

Meanwhile, following the implementation of the movement control order, the second phase of Malaysia Population and Housing Census 2020 via face-to-face interviews will be rescheduled. 

Uzir said those who have not yet completed the census can fill in the online census (e-Census), which has been reopened. 

Further information on the Malaysia Census 2020 can be found at the census portal or social media @MyCensus2020. – Bernama, January 27, 2021

Related News

Business / 5mth

US investigates manufacturing overcapacity in 15 economies, including Malaysia, EU

Malaysia / 6mth

China remains major player in Penang’s services and manufacturing sectors

Culture & Lifestyle / 1y

Jagdeep: Digital skills and robotics vital for future workforce

Business / 1y

Future of Penang’s manufacturing sector remains uncertain amid US tariffs threat

Malaysia / 1y

No retrenchments, shutdowns in Penang’s manufacturing sector due to US tariffs

Malaysia / 1y

Penang urged to use its  robust manufacturing sector to entice new industries 

Spotlight

Malaysia

RM245m Penang Hill cable car project 32 per cent complete - CM

By Ian McIntyre

Malaysia

Six locals charged over alleged kidnapping of Singaporean couple in Johor

Malaysia

PM: No political, racial or religious shield for those found guilty in TH, Felda probes

Malaysia

Singapore security guard jailed 14 days, fined RM7,000 for insulting Islam

Health

Dengue cases soar 56% to 58,079 as nation records 55 deaths

Malaysia

NGOs urge BERSAMA to put Indian community agenda on political radar

By Alfian Z.M. Tahir

Health

MOH warns seniors against unproven hydrogen inhalers

Malaysia

Former Tabung Haji CEO remanded seven days as MACC RCI probe deepens

Malaysia

21 held in KLIA-Nilai crackdown on alleged online love scam syndicate

You may be interested

Business

Oil prices surge as US-Iran standoff, Ukraine strikes rattle global energy markets

Business

Robo.ai expects shareholders’ equity to turn positive after restructuring

By Alfian Z.M. Tahir

Business

Independent review needed, not blind denial, to address US claims – maritime expert