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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 in second quarter 2016 showed a better performance of 5.6 per cent.

Release Date : Thursday 11, August 2016 1200

Performance of Services Sector

The  Index of Services grew by  5.6 per cent in the second quarter of 2016 as compared with the same quarter last year.

The  increase  was  driven  by  the  growth  in  the segment  of Communication  and Transport  & Storage  (7.3%);  Distributive  Trade,  Food &  Beverages and Accommodation  (6.3%);  Other Services  (5.3%)  and  Finance, Real Estate and Professional  (2.8%). As compared with the previous quarter, the seasonally adjusted index of services sector edged up by  0.1 per cent.

 

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) 100.0 138.9 5.6 100.0 139.6 0.1 100.0
Distributive Trade, Food & Beverages
and Accommodation
44.6 143.0 6.3 50.0 143.5 0.6 70.1
Finance, Real Estate and
Professional 
28.4 123.8 2.8 16.0 125.9 -1.9 -48.7
Communication and Transport & Storage
21.2 150.0 7.3 28.5 149.7 1.5 52.4
Other Services
5.8 141.2 5.3 5.5 140.5 0.1 26.2

 

 

Distributive Trade, Food & Beverages and Accommodation

The segment of Distributive Trade, Food & Beverages and Accommodation rose by 6.3 per cent as compared with the same quarter of 2015. This increase was contributed by sub-sectors of Distributive Trade,  6.4 per cent; followed by Food & Beverages, 6.3 per cent and Accommodation, 5.0 per cent. The seasonally adjusted index of Distributive Trade, Food & Beverages and Accommodation increased by 0.6 per cent as compared to the previous quarter.

 

Finance, Real Estate and Professional

The index of Finance, Real Estate and Professional segment went up by  2.8 per cent as compared to the corresponding quarter of 2015. This increase was driven by the Professional sub-sector, 9.7 per cent; Real Estate, 4.9 per cent and Finance & Insurance, 1.1 per cent. The seasonally adjusted index of Finance, Real Estate and Professional segment decreased  to  -1.9 per cent as against the first quarter of 2016.

 

Communication and Transport & Storage             

In this quarter, Communication and Transport &  Storage segment expanded by  7.3 per cent as compared to the same quarter of 2015. This increase was led by the positive growth of  8.7 per cent in Information & Communication sub-sector and  5.1 per cent in Transportation & Storage sub-sector. On a quarterly basis, the  seasonally adjusted index of Communication and Transport & Storage segment grew by 1.5 per cent.

 

Other Services

Year on year, the index of Other Services posted an increase of  5.3  per cent. This increase was supported by the growth in Private Education, 6.1 per cent; Private Health, 5.4 per cent and Arts, Entertainment & Recreation, 4.4 per cent. The seasonally adjusted index in this segment increased marginally by  0.1 per cent as compared to the previous quarter.

 

 *Notes:

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

 

Released By:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
11 August 2016

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 : [email protected]

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