Overview
Performance of Services Sector
The Index of Services for first quarter of 2016 increased by 4.7 per cent as compared with the same quarter last year.
The positive growth was due to the increase in all segments which are Communication and Transport & Storage (7.0%); Other Services (5.8%), Distributive Trade, Food & Beverages and Accommodation (5.0%) and Finance, Real Estate and Professional (2.0%). On a quarter-on-quarter seasonally adjusted, this sector rose by 1.5 per cent.
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 |
138.4 |
4.7 |
100.0 |
139.4 |
1.5 |
100.0 |
|
Distributive Trade, Food & Beverages
and Accommodation
|
44.6 |
142.5 |
5.0 |
47.1 |
142.5 |
1.1 |
33.6 |
|
Finance, Real Estate and
Professional
|
28.4 |
125.7 |
2.0 |
12.0 |
128.3 |
2.3 |
41.1 |
|
Communication and Transport & Storage
|
21.2 |
147.2 |
7.0 |
33.8 |
147.5 |
1.2 |
17.4 |
|
Other Services
|
5.8
|
137.4 |
5.8 |
7.1 |
140.5 |
2.0 |
7.9 |
Distributive Trade, Food & Beverages and Accommodation
The segment of Distributive Trade, Food & Beverages and Accommodation posted a positive growth of 5.0 per cent as compared with the same quarter of 2015. This increase was underpinned by sub-sectors of Accommodation, 5.7 per cent; followed by Distributive Trade, 5.1 per cent and Food & Beverages, 4.5 per cent. The seasonally adjusted index of this segment edged up by 1.1 per cent as compared to the previous quarter.
Finance, Real Estate and Professional
In this quarter, Finance, Real Estate and Professional segment grew by 2.0 per cent as compared to the corresponding quarter of 2015. This increase was stimulated by the growth of Professional sub-sector, 9.1 per cent; Real Estate, 4.3 per cent and Finance & Insurance, 0.2 per cent. The seasonally adjusted output of Finance, Real Estate and Professional segment went up by 2.3 per cent as against the fourth quarter of 2015.
Communication and Transport & Storage
An increase of 7.0 per cent was recorded in Communication and Transport & Storage segment as compared to the first quarter of 2015 was led by the positive growth of 8.4 per cent in Information & Communication sub-sector and 4.8 per cent in Transportation & Storage sub-sector. On a quarterly basis, the seasonally adjusted index of Communication and Transport & Storage segment rose by 1.2 per cent.
Other Services
Momentum of Other Services segment remained resilient by posting a growth of 5.8 per cent as compared with the same quarter of previous year. This growth was spurred by Private Education, 6.9 per cent; Private Health, 5.9 per cent and Arts, Entertainment & Recreation, 4.6 per cent. The seasonally adjusted output in this segment increased by 2.0 per cent as compared to the previous quarter.
*Notes:
Data for first quarter 2016 is provisional. The data will be updated based on the latest available figures and subsequently published in the publication second quarter 2016.
Released By:
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
12 May 2016
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@stats.gov.my
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