In the latest monthly PPI Local Production report, chief statistician Uzir Mahidin said all sectors registered an increase for the fourth consecutive month since March.

He said the mining sector rose by 4.6% compared with 6.6% in May, contributed by the extraction of natural gas and crude petroleum (up 4.6% and 4.5%, respectively).

The agriculture, forestry and fishing sector climbed to 3.4% from 1.3% in the previous month, contributed by the indices of growing of perennial crops (7.5%) and animal production (1.7%).

The manufacturing sector edged up by 1.1% from 1% in May, driven by the manufacture of computer, electronic and optical products index (9.2%).

For the utility sector, the water supply index jumped 7.8% in June  versus 8.7% in May, while the electricity and gas supply index increased by 1% compared to 1.5% in the preceding month.

On a month-on-month basis, Uzir said, the PPI for local production slipped by 0.1% in June against -0.9% in May due to a lower mining sector of 3.4% (May 2024: -5.5%), attributed to the extraction of natural gas (-3.7%) and crude petroleum (-3.3%) indices.

Uzir said the average monthly price for crude palm oil  was about RM3,960 per tonne in June, up from RM3,900 per tonne in the previous month.

He said the rise in CPO price was due to the anticipated limited supply from Malaysia and Indonesia towards the end of 2024, coupled with the increase in palm oil exports.