Overview

Performance of Services Sector

In the second quarter of 2022, Volume Index of Services rose by 16.7 per cent to record 136.3 points as compared to 116.8 points in the second quarter of 2021. This  increase  was  driven  by  the  positive  growth  of  all four segments in the Services  sector  which  were  Wholesale &  Retail  Trade, Food & Beverages and Accommodation segment, 22.3 per cent, Business Services and Finance segment, 7.7 per cent, Information & Communication and Transportation & Storage segment, 16.4 per cent, and Other Services segment, 18.6 per cent.

For quarterly comparison, Volume Index of Services experienced an increase of  3.1 per cent  to  136.3  points  as  compared  to  132.2 points in the first quarter of 2022. This   increase   was   contributed   by   the   growth  of  Wholesale  &  Retail  Trade, Food & Beverages and Accommodation segment, 5.7 per cent, Information & Communication and Transportation & Storage segment, 2.9 per cent and Other Services segment, 2.4 per cent. On the other hand, Business Services and Finance segment showed a negative growth of 1.0 per cent.

Meanwhile, the seasonally adjusted volume index of this sector grew 7.1 per cent to 141.1 points in the second quarter 2022.

The full publication of the Quarterly Volume Index of Services, Second Quarter 2022 can be downloaded through  eStatistik portal.

Released By:

DEPARTMENT OF STATISTICS, MALAYSIA

11 August 2022

Contact person:

Mohd Yusrizal Ab Razak 
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : yusrizal.razak[at]dosm.gov.my

For interviews, press statement and clarification to the media, contact:

Baharudin Mohamad

Public Relation Officer

Email: baharudin[at]dosm.gov.my

Phone: 03 8885 7942

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