November PPI records slower decrease of 0.4%

Quick Summary:

Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, fell at a slower pace 0.4% in November 2024, as compared to a 2.4% drop recorded in October 2024.

On a month-on-month, the PPI rose 1.4%, supported by an 8.5% gain in agriculture and a 5.7% rebound in mining, with notable increases in the extraction of natural gas (14.2%) and crude petroleum (2.7%).

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%.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapanUnited KingdomUnited States

Topics: ManufacturingIndex PalmOilMarket ProducerPriceIndex /Business/Business News AgricultureGrowth MiningSector CrudeOilTrends Economy MalaysiaEconomy CommodityPrices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 00:00:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 546 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24649290

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