trendncart.com

Malaysia Producer Prices Fall 4.2%


Malaysia’s producer prices decreased for the fourth straight month in June, figures from the Department of Statistics showed on Monday.

Producer prices fell 4.2 percent year-on-year in June, following a 3.6 percent decrease in May.

Among sectors, the price index in the mining sector plunged 8.0 percent from last year, and that in the manufacturing sector dropped 4.3 percent. For the utility sector, both electricity and gas supply and water supply posted marginal decreases of 0.2 percent in June.

On a month-to-month basis, producer prices slid 0.7 percent in June, following a 1.1 percent decrease in the prior month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.





Source link

Leave a Comment

Your email address will not be published. Required fields are marked *