Malaysia's Producer Price Index (PPI) continued its downward trend, dropping by 2.4 per cent in October 2024 compared to the previous month's 2.1 per cent decline, as per a recent report from the Department of Statistics Malaysia (DOSM) on Wednesday. The decline was primarily driven by the mining sector, which experienced a 17.3 per cent decrease. This was largely due to a 21.7 per cent decline in the extraction of crude petroleum index and a 1.7 per cent drop in the extraction of natural gas index. The manufacturing sector also contributed to the overall decline, falling by 2.6 per cent. The Manufacture of coke & refined petroleum products index was particularly affected, decreasing by 21.6 per cent. In contrast, the Agriculture, forestry & fishing sector saw a significant increase of 13.8 per cent, driven by a 24.3 per cent rise in the growing of perennial crops index, the report showed. Attribution: The DOSM report Subediting: M. S. Salama Download
