PRODUCER PRICE INDEX (2010=100) BY SECTOR (MSIC 2008)
The Producer Price Index (PPI) local production which measures costs for goods at the factory gate, decreased 5.5 per cent year-on-year in May 2020, marking the third consecutive months in a row of the index to fall into negative territory. The decrease in the overall index was driven by the decline in the index of Mining (-52.7%) due to the slump in the global commodity prices namely crude oils and natural gas. In addition, Water supply (-1.1%), Manufacturing (-0.8%) and Electricity & gas supply (-0.2%) were also contributed to the decrease in the index. Conversely, the index of Agriculture, forestry & fishing edged up by 5.5 per cent.
On a monthly basis, the PPI local production declined marginally by 0.2 per cent in May 2020. This marginal decline was supported by a 16.6 per cent increase in the Mining index which offset the fall in four other industries: Agriculture, forestry & fishing (-4.5%), Manufacturing (-0.8%), Electricity & gas supply (-0.3%) and Water supply (-0.3%). This was the first positive in the Mining index after declining for fourth consecutive months since January 2020.
Table 1 : Producer Price Index (2010=100) Local Production by Sector (MSIC 2008), Malaysia
PRODUCER PRICE INDEX BY STAGE OF PROCESSING
The PPI local production by stage of processing in May 2020 for Crude materials for further processing and Intermediate materials, supplies & components decreased 26.6 per cent and 0.9 per cent respectively as compared to the same month of the preceding year. Meanwhile, Finished goods rose 0.2 per cent.
As compared to the previous month, the PPI local production decreased marginally by 0.2 per cent in May 2020. The decrease was attributed by the index for Intermediate materials, supplies & components (-1.1%) and Finished goods (-0.5%). Meanwhile, Crude materials for further processing rose 3.4 per cent. [Table 2]
Table 2 : Producer Price Index (2010=100), Local Production by Stage of Processing
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
30 June 2020
Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : yusrizal.razak[at]dosm.gov.my