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Index of Services expanded by 6.2 per cent in first quarter of 2017
The Revenue for Services Sector increased 5.5 per cent or RM368.1 billion in the Fourth Quarter 2016 10 February 2017
Index of Services expanded by 5.9 per cent in fourth quarter of 2016 11 November 2016
The Revenue for Services Sector increased 5.6 per cent or RM356.7 billion in the third quarter 2016 10 November 2016
Index of Services increased by 6.2 per cent in third quarter 2016 11 August 2016
Index of Services in second quarter 2016 showed a better performance of 5.6 per cent. 12 May 2016
Index of Services increased by 4.7 per cent in first quarter 2016 Show all release archives
Overview
HIGHLIGHTS
INDEX OF SERVICES, FIRST QUARTER 2017
(2010=100)
Performance of Services Sector
The index of Services registered a growth of 6.2 per cent to 147.0 points in first quarter 2017 as compared to the same quarter a year earlier.
The momentum of this segment was led by Information & Communication and Transportation & Storage (7.2%), Other Services (6.5%) and Wholesale & Retail, Food & Beverages and Accommodation (6.2%). The seasonally adjusted index of Services increased 1.7 per cent as compared to the previous quarter.
Table 1: Performance of Services Index by Segment
| Description | Weight | Original Index | Seasonally Adjusted Index | ||||
| Index | % Change YoY |
% Contribution |
Index | % Change QoQ |
% Contribution | ||
| Services (2010=100) | 100.0 | 147.0 | 6.2 | 100.0 | 147.6 | 1.7 | 100.0 |
|
Wholesale & Retail Trade,
Food & Beverages and Accommodation
|
44.6 | 151.4 | 6.2 | 44.9 | 151.0 | 1.2 | 30.2 |
|
Finance, Real Estate and Professional
|
28.4 | 131.9 | 5.0 | 23.0 | 134.0 | 2.0 | 34.9 |
|
Information & Communication and Transportation & Storage
|
21.2 | 157.8 | 7.2 | 26.0 | 158.4 | 2.1 | 29.0 |
|
Other Services
|
5.8 | 146.2 | 6.5 | 6.1 | 149.2 | 2.1 | 7.1 |
Wholesale & Retail Trade, Food & Beverages and Accommodation
The segment of Wholesale & Retail Trade, Food & Beverages and Accommodation grew 6.2 per cent as compared to the same quarter 2016. Resilient growth of this segment was primarily driven by Food & Beverages, 7.0 per cent and Wholesale & Retail Trade, 6.2 per cent. The seasonally adjusted index of this segment went up by 1.2 per cent as against the previous quarter.
Finance, Real Estate and Professional
The index of Finance, Real Estate and Professional segment registered a positive growth of 5.0 per cent as compared to the corresponding quarter 2016. The increase was driven by Professional (10.5%) and Real Estate (5.4%) sub-sectors. Quarter-on-quarter, the seasonally adjusted index of Finance, Real Estate and Professional segment rose 2.0 per cent.
Information & Communication and Transportation & Storage
Information & Communication and Transportation & Storage segment rose by 7.2 per cent as compared to the first quarter 2016. The growth in this segment was contributed by Information & Communication sub-sector, 8.3 per cent. The seasonally adjusted index of this segment edged up 2.1 per cent as compared to the preceding quarter.
Other Services
Year-on-year, the Other Services segment expanded by 6.5 per cent. This growth was primarily reflected by an increase of Arts, Entertainment & Recreation (7.8%) and Private Education (6.7%). In seasonally adjusted terms, Other Services segment increased 2.1 per cent as against the fourth quarter 2016.
*Notes:
Data for first
Released By:
DR MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
11 May 2017
Contact person:
Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my
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