Malaysia’s producer prices fell further in May, but at a slower pace than in the previous month, figures from the Department of Statistics showed Thursday.
The producer price index dropped 2.1 percent year-over-year in May, after a 2.8 percent decrease in April.
Among the main industrial sectors, mining index dipped the most by 23.1 percent annually in May, followed by electricity and gas with 3.6 percent decline.
The price index for manufacturing industry slid 1.3 percent, while those of agriculture, forestry and fishing registered a sharp increase of 15.9 percent.
On a monthly basis, producer prices fell 0.7 percent from April, when it rose 0.5 percent.
The material has been provided by InstaForex Company – www.instaforex.com