KUALA LUMPUR: Malaysia’s producer price index (PPI), which measures the prices of goods at the factory gate, continued its downtrend in November 2023 with a larger year-on-year (y-o-y) contraction of 1.5 per cent compared with 0.3 per cent in October. All sectors were in negative territory except for water supply, which recorded a 1.0 per cent growth, the Department of Statistics Malaysia (DoSM) said. Meanwhile, on the PPI by stage of processing, Mohd Uzir said the finished goods index grew 1.7 per cent y-o-y last month, cooling down from a 2.2 per cent growth in October. In contrast, the intermediate materials, supplies and components index saw a contraction of 3.4 per cent (October 2023: -3.0 per cent). Meanwhile, the crude materials for further processing index’s growth slowed to 0.3 per cent in November from 5.3 per cent in the previous month.

Source: The Star December 27, 2023 06:29 UTC