Overview

Performance of Services Sector

Volume Index of Service  experienced  an  increase  of  17.6  per  cent  to  record  116.7 points in the second quarter of 2021 as compared to 99.2 points in the same quarter of 2020.

This increase was stimulated by Wholesale & Retail Trade, Food & Beverages and Accommodation segment, 20.3 per cent and Other Services segment, 17.7 per cent. On a quarterly basis, Volume Index of Services decreased by -5.4 per cent to 116.7 points as compared to the previous quarter.

Meanwhile,  for  quarterly  comparison,  the  seasonally  adjusted  volume  index  of  this  sector  dropped  by  -3.0  per  cent  to  120.0 points. The Wholesale & Retail Trade, Food & Beverages and Accommodation segment was the major contributor to this fall with a recorded negative growth of 5.1 per cent.

                                                           Performance by Segment

Wholesale & Retail Trade, Food & Beverages and Accommodation

Volume  index  of  Wholesale  &  Retail  Trade,  Food  &  Beverages  and  Accommodation  segment  rose  by  20.3  per  cent  to 113.6 points as compared to the same quarter of previous year. The Accommodation sub-sector was the main contributor to the increase in this segment with a registered 46.3 per cent. For quarterly comparison, this segment declined by -7.8 per cent as compared to the previous quarter.

Seasonally adjusted volume index of this segment fell by -5.1 per cent to record 117.3 points over the previous quarter.

Business Services and Finance

In the second quarter of 2021, the Business Services and Finance segment experienced an increase of 16.5 per cent to 120.4 points as compared to the same quarter last year. This increase was driven by Finance & Insurance sub-sector, 23.3 per cent. Meanwhile, on a quarterly basis, this segment registered a decrease of -5.6 per cent compared to the first quarter of 2021.

As for seasonally adjusted volume index, this segment fell by -1.3 per cent to 125.6 points in the second quarter of 2021.

Information & Communication and Transportation & Storage             

Information  &  Communication  and  Transportation  &  Storage  segment  recorded  an  index  volume  of  127.0  points,  an  increase  by  14.2 per cent as compared to the same quarter of previous year. Transportation & Storage sub-sector was the primary contributor to this increase with a recorded 39.6 per cent. However, this segment dropped by -0.6 per cent as compared to the first quarter of 2021.

At the same time, the seasonally adjusted volume index in this segment also fell by -0.6 per cent to reach 127.6 points as compared to the previous quarter.

Other Services

Volume index of Other Services segment rose by 17.7 per cent to 86.3 points as compared to the same quarter of 2020. This increase was affected by the positive growth of Arts, Entertainment & Recreation sub-sector, 66.2 per cent. For quarterly comparison, this segment dropped by a recorded -4.9 per cent in the second quarter of 2021.

Seasonally adjusted volume index in this segment showed a corresponding drop. It fell by -4.1 per cent to 88.7 points as compared to the first quarter of 2021.

The full publication of the Quarterly Volume Index of Services, Second Quarter 2021 can be downloaded through  eStatistik portal.

 *Notes:

Data for second quarter 2021 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

11 August 2021

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Department of Statistics, Malaysia
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