KUALA LUMPUR, Feb. 28 (Xinhua) -- Malaysia's producer price index for local production dropped 3.6 percent year-on-year in January, official data showed Thursday.
Malaysian Statistics Department said in a statement that the decline was led by the index of agriculture, forestry and fishing which slumped 14 percent; mining that fell 8.4 percent; manufacturing and water supply which contracted 2.3 percent and 1 percent, respectively.
Meanwhile, the index of electricity and gas supply edged up by 2.2 percent.
On monthly basis, the producer price index for local production rose 0.6 percent when compared to 1.3 percent decline in December last year.
The increase was supported by the index of agriculture, forestry and fishing which was up 7.2 percent; mining that rose 1.8 percent; electricity and gas supply which increased by 0.3 percent.
However, the index of water supply and manufacturing decreased 1.7 percent and 0.1 percent respectively.
