EMBARGO: Only to be published or disseminated at
12:00 hour,
Wednesday, 7 February 2024
SERVICES PRODUCER PRICE INDEX, FOURTH QUARTER 2023
Services
Producer Price Index increased 1.0 per cent in the Fourth Quarter of 2023
- Services Producer Price Index (SPPI) increased
1.0 per cent in the fourth quarter of 2023 as compared to 1.4 per cent in the
third quarter of 2023 .
- Most subsectors recorded an
increase this quarter. Arts,
Entertainment & Recreation subsector rose by 5.5 per cent (Q3 2023: 0.8%)
attributed to the increase in Gambling & Betting Activities (6.2%).
Accommodation and Food & Beverage Service Activities went up by 3.4 per
cent (Q3 2023: 4.6%) due to Beverage Service Activities (4.0%) and Restaurants
& Mobile Food Service Activities (3.8%). In the meantime, the other
subsectors that recorded marginal increases were Education (1.0%), Real Estate
Activities (0.6%), Health (0.3%) and Professional (0.2%). However, the index of
Transportation recorded a decline of negative 0.5 per cent particularly due to
Passenger Air Transport (-2.7%). Meanwhile, the index of Information & Communication
remained unchanged.
- On a quarter-on-quarter basis showed that SPPI
increased slightly by 0.1 per cent as compared to 0.4 per cent recorded in the
previous quarter.
- The increase was contributed by Accommodation
and Food & Beverage Service Activities (0.4%), Real Estate Activities
(0.3%) and Arts, Entertainment & Recreation (0.3%). In the meantime, both
Education and Health subsectors recorded an increase of 0.1 per cent, respectively.
Meanwhile, the index of Professional and Information & Communication
remained unchanged. Conversely, the index of Transportation recorded a slight decrease
of 0.1 per cent.
- SPPI increased by 2.1 per cent
in 2023, similar to the previous year. With the exception of Information &
Communication which remained unchanged, all other subsectors recorded increases
in 2023. Accommodation and Food & Beverage Service Activities went up by
5.6 per cent, Transportation increased by 2.9 per cent and Arts, Entertainment
& Recreation inclined by 2.3 per cent. Other subsectors that posted an
increase were Education (1.0%), Professional (0.4%), Health (0.3%) and Real
Estate Activities (0.2%).
Contact person:
Baharudin Mohamad
Public Relation Officer
Strategic Communication and International Division
Department of Statistics Malaysia
Tel : +603-8090 4681
Fax : +603-8888 9248
Email : baharudin[at]dosm.gov.my
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