Financial News: Malaysia Producer Prices Fall At Slower Pace

Malaysia Producer Prices Fall At Slower Pace

12/24/2024 - 05:47:00 (RTTNews)

(RTTNews) - Malaysia's producer prices decreased for the third straight month in November, though at a slower rate, figures from the Department of Statistics showed on Tuesday.

Producer prices fell 0.4 percent year-on-year in November, following a 2.4 percent drop in October, which was the steepest decline since June 2023. The expected fall was 1.8 percent.

Among sectors, mining prices declined the most by 8.3 percent from last year, but the pace of decrease eased sharply from 17.3 percent a month ago. The price index for manufacturing showed a fall of 1.8 percent.

On the other hand, prices in the agriculture, forestry, and fishing sectors surged 21.8 percent, and the price index for the utility sector increased 0.9 percent.

On a month-on-month basis, producer prices climbed 1.4 percent in November, reversing a 0.7 percent fall in October.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Singapore Private Sector Slips Into Contraction - S&P Global (04 hr(s), 11 min(s), 20 sec(s) ago)
(RTTNews) - The private sector in Singapore fell into contraction territory in January, the latest ...Full Story»

Hong Kong PMI Ebbs In January - S&P Global (04 hr(s), 13 min(s), 20 sec(s) ago)
(RTTNews) - The private sector in Hong Kong continued to expand in January, albeit at a slower pac ...Full Story»

Japan Services Sector Accelerates In January - Jibun (04 hr(s), 16 min(s), 20 sec(s) ago)
(RTTNews) - The services sector in Japan continued to expand in January, and at a faster pace, the ...Full Story»

South Korea Inflation Jumps 2.2% On Year In January (05 hr(s), 33 min(s), 20 sec(s) ago)
(RTTNews) - Consumer prices in South Korea were up 2.2 percent on year in January, Statistics Kore ...Full Story»

South Korea Inflation Data On Tap For Wednesday (06 hr(s), 23 min(s), 20 sec(s) ago)
(RTTNews) - South Korea will on Wednesday release January numbers for consumer prices, highlightin ...Full Story»

Australia Services PMI Improves To 51.2 - S&P Global (06 hr(s), 49 min(s), 20 sec(s) ago)
(RTTNews) - The services sector in Australia continued to expand in January, and at a faster pace, ...Full Story»

New Zealand Jobless Rate Climbs To 5.1% In Q4 (07 hr(s), 0 min(s),20 sec(s) ago)
(RTTNews) - The unemployment rate in New Zealand came in at a seasonally adjusted 5.1 percent in t ...Full Story»

U.S. Factory Orders Slump More Than Expected In December (13 hr(s), 09 min(s), 20 sec(s) ago)
(RTTNews) - Reflecting a steep drop by orders for transportation equipment, the Commerce Departmen ...Full Story»