Malaysia's services PPI up 0.7% in 2Q

KUALA LUMPUR: Malaysia’s Services Producer Price Index (SPPI) grew marginally by 0.7 per cent to 115.7 points in the second quarter of 2024 (2Q 2024), compared to a 1.0 per cent increase in 1Q 2024, said the Department of Statistics Malaysia (DoSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the arts, entertainment and recreation index rose 7.7 per cent in 2Q compared to 7.5 per cent in 1Q 2024, which was contributed by the other amusement and recreation activities (2.3 per cent).