Overview

Performance of Services Sector

Volume Index of Services declined 21.5 per cent to 99.3 points in second quarter 2020 as compared to the same quarter of previous year.

The main contributors to the fall of Services sector in the second quarter of 2020 was Wholesale & Retail Trade, Food & Beverages and Accommodation segment  (-26.4%) and Other Services segment  (-41.2%). 

Seasonally adjusted volume index of this sector deteriorated  22.0 per cent  to 100.0 points as compared to the previous quarter.

                                                           Performance by Segment

Wholesale & Retail Trade, Food & Beverages and Accommodation

Volume  index  of  Wholesale  &  Retail Trade, Food  & Beverages and Accommodation  segment  experienced  a decrease of  26.4 per cent as compared to the same quarter of 2019. The downward momentum is due to the Accommodation sub-sector (-78.8%) and Food & Beverages sub-sector (-31.7%). Seasonally adjusted volume index of this segment drop of  26.1 per cent as compared to the previous quarter.

Business Services and Finance

The  segment of  Business  Services  and  Finance  declined  13.9 per cent  as  compared  to  the  same quarter  of  2019. The decline  was  driven  by  Real Estate  sub-sector (-32.1%) and Professional, Scientific & Technical and Administrative & Support Services sub-sector (-20.8%). Seasonally adjusted volume index of this segment went down by 16.2 per cent as compared to the previous quarter.

Information & Communication and Transportation & Storage             

The segment of Information & Communication and Transportation & Storage segment reduced to  14.8 per cent as compared with the same quarter of previous year. This  was  due  to  a decrease for the Transport  &  Storage  sub-sector  by  45.4 per cent. Seasonally  adjusted  volume  index  in  this  segment also went down to  16.1 per cent in second quarter 2020. 

Other Services

This segment decreased 41.2 per cent as compared to the second quarter of 2019. This decline was stimulated by Arts, Entertainment & Recreation and Personal Services & Other Activities sub-sector  (-76.0%). Seasonally adjusted volume index of Other Services segment fell  39.8 per cent as compared to the first quarter of 2020.  

 *Notes:

Data for second quarter 2020 is provisional. The data will be updated and published in the next quarter based on the latest figure.

Released By:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
 DrUzir_Mahidin    Dr_Uzir

10 August 2020

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