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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

Revenue for Services Sector Increased 8.5 per cent or RM399.7 billion in the Fourth Quarter 2017

Release Date : Friday 09, February 2018 1200

Introduction

This report presents statistics on services sector which encompasses sub-sector of Wholesale & Retail Trade; Information & Communication; Transportation & Storage; Food & Beverages; Professional; Private Health; Private Education; Accommodation; Arts, Entertainment & Recreation and Real Estate Agent for the period from first quarter 2012 until fourth quarter 2017.

 

 

Performance of Services Sector, Fourth Quarter 2017

Performance of Services Sector

Revenue of services sector increased 8.5 per cent to RM399.7 billion in fourth quarter 2017 as compared to the same quarter 2016. The increase was contributed by Professional and Real Estate Agent (14.7%), Health, Education and Arts, Entertainment & Recreation (8.6%) and Wholesale & Retail Trade, Food & Beverages and Accommodation (8.5%) segments. Total revenue on quarterly basis increased RM12.1 billion or 3.1 per cent.

Total number of persons engaged in this sector was 3.6 million persons, an increase of 76,042 persons or 2.1 per cent as compared to the same quarter of the previous year. On  quarterly  basis  comparison,  number  of  persons  engaged  recorded  an  increasing of  1.1  per cent  (39,243 persons).

In the fourth quarter 2017, salaries & wages paid was RM23.8 billion, an increase of 5.0 per cent as compared to the previous year and 1.6 per cent quarter-on-quarter.

 

Wholesale & Retail Trade, Food & Beverages and Accommodation

Total  revenue  for  Wholesale  &  Retail  Trade,  Food  &  Beverages  and  Accommodation  segment  registered  a  growth  of  8.5 per cent  to  RM316.2  billion  as  compared to the same  quarter 2016. The  increase  was  driven  by  Food  &  Beverages  sub-sector,  10.8 per cent. This segment recorded an increase of 2.3 per cent as compared to the previous quarter.

Number of persons engaged in this segment increased 2.1 per cent to 2.7 million persons as compared to the fourth quarter 2016. Salaries & wages paid grew 4.4 per cent to RM14.1 billion. Quarter-on-quarter, number of persons engaged recorded positive growth 1.1 per cent or 29,114 persons, while salaries & wages paid increased 0.9 per cent.

 

Information & Communication and Transportation & Storage

Information & Communication and Transportation & Storage segment posted an increase in total revenue to RM60.0 billion or 7.9 per cent as against the same quarter of the previous year. The  growth  was  propelled  by  Information  &  Communication  sub-sector,  9.3  per cent.   Meanwhile,   on   quarterly   basis,  the total   revenue   for   this   segment   registered   an   increase   of   7.0 per cent.

The number of persons engaged for this segment increased 0.9 per cent year-on-year to 470,065 persons, whilst salaries & wages paid also grew to RM5.2 billion (5.0%). The number of persons engaged increased by 1.3 per cent while salaries & wages paid has also increased 4.5 per cent as compared to the previous quarter.

 

 

Health, Education and Arts, Entertainment & Recreation

Health, Education and Arts, Entertainment & Recreation segment recorded total revenue of RM15.0 billion, an increase of 8.6 per cent compared to RM13.9 billion in fourth quarter 2016. The growth of this segment was driven by Arts, Entertainment & Recreation (9.9%) sub-sector. Total revenue of this segment increased by 0.6 per cent as compared to the previous quarter.

Number of persons engaged increased by 2.4 per cent to 276,543 persons as compared to corresponding quarter of the previous year. Salaries & wages paid also increased 5.0 per cent to RM2.2 billion. On a quarterly basis, number of persons engaged  increased by 0.4 per cent while salaries & wages paid recorded negative growth of 0.4 per cent.

 

Professional and Real Estate Agent

Total revenue for Professional and Real Estate Agent segment rosed 14.7 per cent to RM8.5 billion as against the same quarter of previous year. This increase was driven by Professional sub-sector (15.3%). For the quarterly comparison, this segment also recorded an increase to 14.8 per cent.  

In fourth quarter 2017, number of persons engaged increased 175,427 persons or 5.7 per cent as compared to the same quarter of the previous year. Salaries & wages paid grew 8.5 per cent to RM2.3 billion. As compared to the preceding quarter, number of persons engaged rose 1.8 per cent, while salaries & wages paid recorded growth 1.6 per cent.

 

 

*Notes:

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

 

Released By:

THE OFFICE OF 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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