'Mostly down but still worrying.'
Malaysia's producer price index (PPI) data grew 6.8% in August and overall declined for 3 consecutive months.
In comparison, June's PPI data was at 10.9% while July's reading was 7.6%.
Looking at the data released by the Department of Statistics Malaysia (DOSM), on a monthly basis it recorded a reduction of 0.2% compared to 2.3% during July.
It was underlined that the decline followed a 0.1% decline in the manufacturing index, the first decline since September 2020 after recording 22 consecutive months of increases.
Also stealing the spotlight was the agriculture, forestry and fisheries index which increased 2.5% in August from -22.3% in July.
Follow the breakdown of Malaysia's PPI data for August on an annual basis below.
The manufacturing index fell 9.4% in August compared to 9.9% during July.
The Mining Index fell 5.8% compared to 9%.
The Agriculture, Forestry and Fisheries Index fell -10.6% compared to -10.3%.
The Water Supply Index rose 3.0% compared to 2.1%.
The Electricity and Gas Index remained at 0.9%.
In the meantime, the PPi reading according to the processing stage saw,
The index of raw materials for processing fell 0.5% from 1.1% during July.
The index of intermediate materials, supplies and components fell 11.3%. from 12.5%.
The finished goods index added 2.9% from 2.4%.
On a monthly basis, raw materials for processing and the Index of intermediate materials, supplies and components fell by 1% while the index of finished goods rose by 0.3%.
