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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

Volume Index of Services expanded by 6.9 per cent in third quarter of 2017

Release Date : Thursday 09, November 2017 1200

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

 

Performance of Services Sector

Volume Index of Services in third quarter 2017 registered a growth of  6.9 per cent as compared to the same quarter previous year. 

The positive growth was due to the increase in segments of Information & Communication and Transport & Storage  (7.7%) and Wholesale & Retail Trade, Food & Beverages and Accommodation  (7.3%). On quarterly basis, the seasonally adjusted volume index of this sector rose by 1.9 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) 100.0 153.2 6.9 100.0 152.7 1.9 100.0
Wholesale & Retail Trade,
Food & Beverages and Accommodation
44.6 156.2 7.3 46.3 156.9 1.5 31.4
Finance, Real Estate and Professional 
28.4 139.2 5.5 24.6 137.7 3.0 44.6
Information & Communication and Transportation & Storage
21.2 165.1 7.7 23.6 163.8 1.5 16.7
Other Services
5.8 155.0 6.5 5.5 153.3 2.4 7.3

 

Wholesale & Retail Trade, Food & Beverages and Accommodation

The segment of Wholesale & Retail Trade, Food & Beverages and Accommodation posted a positive growth of  7.3 per cent as  compared  with  the  same quarter  of  2016. This  increase  was  underpinned by  sub-sectors  of  Wholesale  &  Retail  Trade,  7.4 per cent  and  Food  &  Beverages,  7.3 per cent. The  seasonally  adjusted  volume  index  of  this  segment  edged  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  5.5 per cent as compared to the corresponding quarter of 2016. This increase was stimulated by the growth of Professional sub-sector, 10.9 per cent. The seasonally adjusted output of Finance, Real Estate and Professional segment went up by  3.0 per cent as against the second quarter of 2017.

 

Information & Communication and Transportation & Storage             

An increase of  7.7 per cent was recorded in Information & Communication and Transport & Storage segment as compared to the third quarter of 2016. This  increase was led by the positive growth of  8.9 per cent in Information & Communication sub-sector. On a quarterly basis, the seasonally adjusted volume index of Information & Communication and Transport & Storage segment rose by 1.5 per cent.

 

Other Services

Momentum of Other Services segment remained resilient by posting a growth of  6.5 per cent as compared with the same quarter of previous year. This growth was spurred by sub-sector of Arts, Entertainment & Recreation,  7.8 per cent and  Private Education,  6.5 per cent. The seasonally adjusted output in this segment increased by  2.4 per cent as compared to the previous quarter.

 

 

 *Notes:

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

 

Released By:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA

9 November 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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