KUALA LUMPUR: Malaysia's Producer Price Index (PPI), which measures the price changes of goods at the producer level, fell 0.4% in November 2024, as compared to a 2.4% drop recorded in October 2024.
The Statistics Department (DOSM), in a statement, said the mining sector fell by 8.3% in November 2024, as compared a decline of 17.3% in October 2024 led by the extraction of crude petroleum index (-14.8%).
The manufacturing sector fell by 1.8%, compared to a 2.6% drop in October 2024. This was mainly due to lower prices in the Manufacture of coke and refined petroleum products (-16.8%) and Manufacture of chemicals and chemical products (-5.1%).
Meanwhile, the agriculture, forestry & fishing sector posted significant increase, rising 21.8% from 13.8% in the previous month.
In the utilities sector, the water supply sector recorded a marginal decline of 0.2%, while the electricity & gas supply sector decreased slightly by 0.1%.
The finished goods index went up 0.4% while materials for further processing index further decreased by 2.0%.
On a monthly basis, the crude materials for further processing index rose 4.8%, and the intermediate materials, supplies & components index increased 1.1%. However, the finished goods index fell 0.6%.
