KUALA LUMPUR (Dec 31): Malaysia's producer price index (PPI) fell 2.9% year-on-year (y-o-y) in November 2018 mainly due to the drop in the PPI's agriculture, forestry and fishing segment besides the manufacturing and water-supply components.

In a statement today, Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the agriculture, forestry and fishing segment was down 22.7% while the manufacturing and water-supply components fell 1.8% and 0.1% respectively.

"Conversely, the index of mining and electricity & gas supply rose 4.5% and 1.2% respectively.

"As compared to the previous month, the PPI for local production registered a decline of 2.8% in November 2018 which was contributed by the index of mining (-16.4%), agriculture, forestry & fishing (-6.4%) and manufacturing (-0.7%). Meanwhile, water supply and electricity & gas supply increased 0.5% and 0.3% respectively," Mohd Uzir said.

For October 2018, he said the PPI dropped 0.7% y-o-y. In monthly terms, October 2018 PPI fell 0.3%, according to him.