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Volume Index of Services in fourth quarter 2017 increase 6.8 per cent
Volume Index of Services expanded by 6.9 per cent in third quarter of 2017 9 November 2017
The Revenue for Services Sector Increased 9.3 per cent or RM387.8 billion in the Third Quarter 2017 10 August 2017
The Revenue for Services Sector increased 9.6 per cent to RM383.5 billion in the Second Quarter 2017 10 August 2017
Index of Services expanded by 7.0 per cent in second quarter of 2017 11 May 2017
Index of Services expanded by 6.2 per cent in first quarter of 2017 11 May 2017
The Revenue for Services Sector increased 8.3 per cent or RM375.3 billion in the First Quarter 2017 Show all release archives
Overview
HIGHLIGHTS
VOLUME INDEX OF SERVICES, FOURTH QUARTER 2017
(2010=100)
Performance of Services Sector
Volume Index of Services in fourth quarter 2017 increase 6.8 per cent as compared to the same quarter previous year.
The positive growth was contributed by the increase in segments of Information & Communication and Transportation & Storage (7.1%) and Wholesale & Retail Trade, Food & Beverages and Accommodation (6.8%). On quarterly basis, the seasonally adjusted volume index of this sector increased by 1.6 per cent.
Table 1: Volume Index of Services by Segment
| Description | Weight | Original Volume Index | Seasonally Adjusted Volume Index | ||||
| Volume Index | % Change YoY |
% Contribution |
Volume Index | % Change QoQ |
% Contribution | ||
| Services (2010=100) | 100.0 | 156.4 | 6.8 | 100.0 | 155.1 | 1.6 | 100.0 |
|
Wholesale & Retail Trade,
Food & Beverages and Accommodation
|
44.6 | 160.7 | 6.8 | 44.7 | 159.4 | 1.5 | 43.1 |
|
Finance, Real Estate and Professional
|
28.4 | 143.0 | 6.6 | 27.6 | 140.1 | 1.8 | 32.2 |
|
Information & Communication and Transportation & Storage
|
21.2 | 165.4 | 7.1 | 22.2 | 166.1 | 1.4 | 19.1 |
|
Other Services
|
5.8 | 156.6 | 6.4 | 5.5 | 155.5 | 1.5 | 5.6 |
Wholesale & Retail Trade, Food & Beverages and Accommodation
The segment of Wholesale & Retail Trade, Food & Beverages and Accommodation rose by 6.8 per cent as compared with the same quarter of 2016. This increase was spurred by sub-sectors of Food & Beverages, 7.4 per cent and Wholesale & Retail Trade, 6.8 per cent. The seasonally adjusted volume index of this segment went up by 1.5 per cent as compared to the previous quarter.
Finance, Real Estate and Professional
In this quarter, Finance, Real Estate and Professional segment grew by 6.6 per cent as compared to the corresponding quarter of 2016. This increase was led by the growth of Professional sub-sector, 11.5 per cent. The seasonally adjusted volume index of Finance, Real Estate and Professional segment increased by 1.8 per cent against third quarter of 2017.
Information & Communication and Transportation & Storage
Information & Communication and Transportation & Storage segment posted a growth of 7.1 per cent as compared with the same quarter of previous year. This growth was underpinned by sub-sector of Information & Communication, 8.2 per cent. The seasonally adjusted output in this segment went up by 1.4 per cent as compared to the previous quarter.
Other Services
An increase of 6.4 per cent was recorded in Other Services segment as compared to the fourth quarter of 2016. This increase was stimulated by the positive growth of 7.6 per cent in Arts, Entertainment & Recreation sub-sector. On a quarterly basis, the seasonally adjusted volume index of Other Services segment rose by 1.5 per cent.
*Notes:
Data for fourth
Released By:
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
9 February 2018
Contact person:
Ho Mei Kei
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my
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