Manufacturing slump deepens factory-gate deflation
Malaysia’s Producer Price Index (PPI) fell 3.4% in February, following a 2.9% drop in January. This marks the twelfth consecutive month of deflation.
- Manufacturing drove the decline, supported by continued price weakness in agriculture and utility sectors.
- On a monthly basis, the PPI returned to a 0.5% contraction after a brief 0.1% rise in January, as manufacturing prices slipped further.
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