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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

Volume Index of Services in fourth quarter 2017 increase 6.8 per cent

Release Date : Friday 09, February 2018 1200

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  quarter 2017 is provisional. The data will be updated based on the latest available figures and subsequently published in the publication first quarter 2018.

 

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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