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2010, revenue in Real Estate Services sector was RM34.0 bil.
2010, number of workers in Accommodation sector was 110,535
2014, Distributive Trade recorded sales value of RM951.3b

Index of Services expanded by 6.2 per cent in first quarter of 2017

Release Date : Thursday 11, May 2017 1200

HIGHLIGHTS
INDEX OF SERVICES, FIRST QUARTER 2017
(2010=100)

 

Performance of Services Sector

The index of Services registered a growth of  6.2 per cent to 147.0 points in first quarter 2017 as compared to the same quarter a year earlier. 


The momentum of this segment was led by Information & Communication and Transportation & Storage  (7.2%), Other Services (6.5%) and Wholesale & Retail, Food & Beverages and Accommodation (6.2%). The seasonally adjusted index of Services increased 1.7 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) 100.0 147.0 6.2 100.0 147.6 1.7 100.0
Wholesale & Retail Trade,
Food & Beverages and Accommodation
44.6 151.4 6.2 44.9 151.0 1.2 30.2
Finance, Real Estate and Professional 
28.4 131.9 5.0 23.0 134.0 2.0 34.9
Information & Communication and Transportation & Storage
21.2 157.8 7.2 26.0 158.4 2.1 29.0
Other Services
5.8 146.2 6.5 6.1 149.2 2.1 7.1

 

Wholesale & Retail Trade, Food & Beverages and Accommodation

The segment of Wholesale & Retail Trade, Food & Beverages and Accommodation grew  6.2 per cent as compared to the same quarter 2016.  Resilient growth of this segment was primarily driven by Food & Beverages, 7.0 per cent and Wholesale & Retail Trade, 6.2 per cent. The seasonally adjusted index of this segment went up by 1.2 per cent as against the previous quarter.

 

Finance, Real Estate and Professional

The  index  of  Finance, Real  Estate  and  Professional  segment  registered  a  positive  growth of   5.0 per cent  as  compared  to  the corresponding  quarter 2016. The  increase  was  driven  by Professional  (10.5%)  and Real Estate (5.4%) sub-sectors. Quarter-on-quarter, the seasonally adjusted index of Finance, Real Estate and Professional segment rose  2.0 per cent.

 

Information & Communication and Transportation & Storage             

Information & Communication and Transportation & Storage segment rose by  7.2 per cent as compared to the first quarter 2016. The growth in this segment was contributed by Information & Communication sub-sector,  8.3 per cent. The seasonally adjusted index of this segment edged up 2.1 per cent as compared to the preceding quarter.

 

Other Services

Year-on-year, the Other Services segment expanded by  6.5 per cent. This growth was primarily reflected by an increase of Arts, Entertainment & Recreation (7.8%) and Private Education (6.7%). In  seasonally adjusted terms, Other Services segment increased 2.1 per cent as against the fourth quarter 2016.

 

 

 *Notes:

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

 

Released By:

DR MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA

11 May 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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