Performance of Services Sector

In the third quarter of 2022, Volume Index of Services rose by 23.1 per cent to record 140.4 points as compared to 114.1 points in the third quarter of 2021. This increase was driven by all four segments in the Services sector which were Wholesale & Retail Trade, Food & Beverages and Accommodation segment (30.0%), Business Services and Finance segment (15.7%), Information & Communication and Transportation & Storage segment (17.1%) and Other Services segment (35.9%).

For quarterly comparison, Volume Index of Services experienced an increase of  3.0 per cent to 140.4 points as compared to 136.3 points in the second quarter of 2022. This increase was contributed by the growth of Wholesale & Retail Trade, Food & Beverages and Accommodation segment (1.9%), Business Services and Finance segment (6.4%), Information & Communication and Transportation & Storage segment (1.5%) and Other Services segment (3.4%).

Meanwhile, the seasonally adjusted volume index of this sector increased  0.6 per cent to 142.0 points in the third quarter 2022.

The full publication of the Quarterly Volume Index of Services, Third Quarter 2022 can be downloaded through  eStatistik portal.

Released By:

DEPARTMENT OF STATISTICS, MALAYSIA

9 November 2022

Contact person:

Baharudin Mohamad
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : baharudin[at]dosm.gov.my