Services

Volume Index of Services Fourth Quarter 2022

Latest Release : 8 February 2023
Upcoming release : 08 August 2025
9 November 2022
Volume Index of Services Third Quarter 2022 11 August 2022
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Overview

In the fourth quarter of 2022, Volume Index of Services rose by 11.7 per cent to record 142.6 points as compared to 127.7 points in the fourth quarter of 2021, bringing the overall performance for 2022 to increase 14.4 per cent with an index point of 137.9 points. This increase was driven by all four segments in the Services sector which were Wholesale & Retail Trade, Food & Beverages and Accommodation segment (12.2%), Business Services and Finance segment (11.6%), Information & Communication and Transportation & Storage segment (10.6%) and Other Services segment (13.3%).

 

For quarterly comparison, Volume Index of Services experienced an increase of 1.6 per cent to 142.6 points as compared to 140.4 points in the third quarter of 2022. This increase was contributed by the growth of Wholesale & Retail Trade, Food & Beverages and Accommodation segment (1.9%), Information & Communication and Transportation & Storage segment (1.9%), Other Services segment (4.0%) and Business Services and Finance segment (0.4%).


Meanwhile, the seasonally adjusted volume index of this sector fell -3.6 per cent to 137.1 points in the fourth quarter of 2022.

 

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