Overview

Performance of Services Sector

Volume Index of Services experienced an increase of  2.3 per cent to 128.0 points in first quarter 2020 as compared to the same quarter of previous year.

The increase of Services sector in the first quarter of 2020 was led by Business Services and Finance,  4.1 per cent, followed by Information & Communication and Transportation & Storage segment, 2.7 per cent. Wholesale & Retail Trade, Food & Beverages and Accommodation segment grew 1.5 per cent, meanwhile Other Services segment declined to  0.9 per cent. 

Seasonally adjusted volume index of this sector decreased by  3.4 per cent to 127.4 points as compared to the previous quarter.

                                                           Performance by Segment

Wholesale & Retail Trade, Food & Beverages and Accommodation

Wholesale  & Retail Trade, Food & Beverages and Accommodation segment registered a positive growth of  1.5 per cent compared to the same quarter of 2019. The  growth  in  this  segment  was  generated  by  Food  &  Beverages  sub-sector  with  2.9 per cent and Wholesale & Retail Trade sub-sector, 1.5 per cent. Seasonally adjusted volume index of this segment decreased by 4.1 per cent as compared to the previous quarter. 

Business Services and Finance

Volume index of Business Services and Finance portrayed an increase trend of  4.1 per cent as compared to the same quarter of 2019. The growth was supported by Business and Finance sub-sector with  4.8 per cent and Professional, Scientific & Technical and Administrative & Support Services sub-sector, 4.5 per cent. Seasonally adjusted volume index of this segment declined by 0.1 per cent as compared to the previous quarter.

Information & Communication and Transportation & Storage             

Volume index of Information & Communication and Transportation & Storage segment edged up by  2.7 per cent as compared with the same quarter of previous year. This increase was led by Information & Communication sub-sector with  6.4 per cent. Seasonally adjusted volume index in this segment went down by  2.3 per cent in first quarter 2020. 

Other Services

This segment declined to 0.9 per cent as compared to the first quarter of 2019. This growth was due to a decline in Arts, Entertainment & Recreation and Personal Services & Other Activities sub-sector with  5.8 per cent. Seasonally adjusted volume index of Other Services segment decreased by 16.6 per cent compared to the fourth quarter of 2019. 

 *Notes:

Data for first 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

12 May 2020

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