What economic indicators showed improvement in July 2021?

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Selected Economic Indicators Showed Moderate Year-on-Year Improvement in July 2021

In July 2021, several key economic indicators in Malaysia demonstrated a moderate year-on-year improvement, aligning with the nation's transition into the initial phase of the National Recovery Plan. This period saw positive momentum in trade, albeit at a reduced pace, and significant increases in both consumer and producer prices, largely influenced by specific sectoral performances.
Trade Momentum Maintained Despite Slower Growth

Malaysia's trade continued to expand in July 2021, recording a 13.0 per cent increase year-on-year. However, this growth rate was slower compared to previous periods. Exports saw a modest rise of 5.0 per cent, while imports experienced a substantial surge of 24.0 per cent. This disparity led to a notable decline of 45.8 per cent in the country's trade surplus.
Consumer Price Index Driven by Transportation Costs

The Consumer Price Index (CPI) for Malaysia rose by 2.2 per cent in July 2021. The primary driver behind this increase was the transport group, indicating higher costs associated with transportation services and goods during that period.
Producer Price Index Reflects Commodity Price Hikes

Malaysia's Producer Price Index (PPI) for local production recorded an 11.7 per cent increase in July 2021. This rise was predominantly influenced by a hike in the mining index, which in turn was attributed to increased prices for natural gas and crude oil commodities.

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What economic indicators showed improvement in July 2021?

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