Producer prices in Malaysia dropped by 3.5 percent year-on-year in July 2020, after a 4.0 percent fall in the previous month. This was the fifth straight month of decline in producer prices, but the smallest since March, due to the impact of the lower oil prices that caused the mining index to remain in the negative territory. Decreases were seen in cost of mining (-37.0 percent vs -42.5 percent in June), manufacturing (-1.3 percent vs -1.2 percent), electricity & gas supply (-1.3 percent vs -0.6 percent), and water supply (-0.6 percent vs -1.2 percent). At the same time, cost of agriculture, forestry & fishing continued to rise (14.6 percent vs 15.1 percent). On a monthly basis, producer prices rose by 0.4 percent in July, following a 0.6 percent gain in June.
Producer Prices Change in Malaysia averaged 2.86 percent from 2002 until 2016, reaching an all time high of 22.50 percent in June of 2008 and a record low of -18.20 percent in July of 2009. This page provides - Malaysia Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Department of Statistics, Malaysia
Producer Prices Change in Malaysia is expected to be -2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Malaysia to stand at 5.50 in 12 months time. In the long-term, the Malaysia Producer Prices Change is projected to trend around 2.50 percent in 2021, according to our econometric models.