FX.co ★ Malaysia Producer Prices Fall the Most in Near 2 Years

Producer prices in Malaysia decreased by 3.4% year-on-year in April 2025, following a 1.9% decline in March, marking the second month in a row of decreasing prices. This recent figure represents the most significant drop since June 2023. The mining sector notably contributed to this decline, experiencing a dramatic 17.8% reduction, compared to a 15.0% decrease in the previous month. Within this sector, crude petroleum prices fell by 19.8%, and natural gas prices decreased by 11.6%. The manufacturing sector also saw a downturn, contracting by 2.6% after a 1.8% dip in March, largely due to a 15.7% drop in the production of coke and refined petroleum products. Additionally, the supply of electricity and gas declined by 0.6%, compared to a 0.5% decrease the month before. Growth within the agriculture, forestry, and fishing sectors slowed significantly to 2.6% from a previous 9%, with the perennial crops sub-sector playing a major role. Conversely, water supply growth saw a slight increase, rising to 0.9% from 0.7%. On a monthly basis, producer prices fell by 1.0%, following a 0.6% reduction in March.