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2015, gross output in Real Estate Services sector was RM28.1 bil.
2015, number of workers in Accommodation sector was 130,765 persons
2014, Distributive Trade recorded sales value of RM951.3b

Index of Services expanded by 5.9 per cent in fourth quarter of 2016

Release Date : Friday 10, February 2017 1200

HIGHLIGHTS
INDEX OF SERVICES, FOURTH QUARTER 2016
(2010=100)

Performance of Services Sector

The index of Services expanded by  5.9 per cent in fourth quarter 2016 as compared to the same quarter a year earlier. 


The increase was spearheaded by the segment of Information & Communication and Transportation & Storage  (6.7%); Wholesale & Retail Trade, Food & Beverages and Accommodation  (6.3%); Other Services  (6.1%) and Finance, Real Estate and Professional  (4.6%). The seasonally adjusted index of Services went up by  2.3 per cent as compared to the previous quarter.

 

Table 1: Performance of Services Index by Segment

Description Weight Original Index Seasonally Adjusted Index
Index %
Change
YoY
%
Contribution

 
Index %
Change
QoQ
% Contribution
Services (2010=100) 100.0 146.5 5.9 100.0 145.6 2.3 100.0
Wholesale & Retail Trade,
Food & Beverages and Accommodation
44.6 150.4 6.3 47.7 149.9 3.0 58.5
Finance, Real Estate and Professional 
28.4 134.2 4.6 22.2 131.2 0.8 13.1
Information & Communication and Transportation & Storage
21.2 154.4 6.7 24.1 155.8 2.6 24.1
Other Services
5.8 147.1 6.1 6.0 146.2 1.7 4.3

 

Wholesale & Retail Trade, Food & Beverages and Accommodation

The segment of Wholesale & Retail Trade, Food & Beverages and Accommodation increased by  6.3 per cent as compared to the same quarter 2015.  All sub-sectors contributed positively to the growth led by Food & Beverages, 7.5 per cent, Accommodation, 6.5 per cent and Wholesale & Retail Trade,  6.1 per cent. The seasonally adjusted  index of this segment rose by  3.0 per cent as against the previous quarter.

 

Finance, Real Estate and Professional

The index of Finance, Real Estate and Professional segment registered a growth of  4.6 per cent as compared to the corresponding quarter 2015. This increase was driven by Professional  (10.3%); Real Estate (5.7%) and Finance & Insurance (3.4%) sub-sectors. Quarter-on-quarter, the seasonally adjusted index of Finance, Real Estate and Professional segment edged up by  0.8 per cent.

 

Information & Communication and Transportation & Storage             

Information & Communication and Transportation & Storage segment grew by 6.7 per cent as compared to the fourth quarter 2015. This growth was underpinned by Information & Communication sub-sector, 7.8 per cent and Transportation & Storage, 5.1 per cent. The seasonally adjusted index of this segment increased by 2.6 per cent as compared to the preceding quarter.

 

Other Services

Year-on-year, the Other Services segment posted an increase of  6.1 per cent. This increase was led by Arts, Entertainment & Recreation (7.6%); followed by Private Education (6.0%) and Private Health (4.9%) sub-sectors. In  seasonally adjusted terms, Other Services segment increased by 1.7 per cent as against the third quarter 2016.

 

 *Notes:

Data for fourth quarter 2016 is provisional. The data will be updated based on the latest available figures and subsequently published in the publication first quarter 2017.

 

Released By:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
10 February 2017

Contact person:

Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my

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