Malaysia's producer price index slip 0.3% in October

Petronas Twin Towers near skyscrapers and trees under a blue sky in Kuala Lumpur, Malaysia

KUALA LUMPUR: Malaysia’s Producer Price Index (PPI), which measures the prices of goods at the factory gate, declined by 0.3 per cent year-on-year (y-o-y) in October 2023 after recording a 0.2 per cent growth in September, the Department of Statistics Malaysia (DoSM) said.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the decline was mainly due to the manufacturing sector’s PPI, which contracted by 0.7 per cent last month (September: -0.8 per cent).