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Malaysia Volume Index of Services Recorded a Growth of 7.0 Per Cent to 157.3 Points in First Quarter 2018

IM Insights
By IM Insights
1 year ago
Malaysia Volume Index of Services Recorded a Growth of 7.0 Per Cent to 157.3 Points in First Quarter 2018

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  1. EMBARGO : Only to be published or disseminated at 1200 hours, 10 May 2018 DEPARTMENT OF STATISTICS MALAYSIA PRESS RELEASE VOLUME INDEX OF SERVICES (2010=100) FIRST QUARTER 2018 Volume Index of Services recorded a growth of 7.0 per cent to 157.3 points in first quarter of 2018
  2. Performance of Services Sector Volume Index of Services recorded a growth of 7 .0 per cent to 157.3 points in first quarter 2018 as compared to the same quarter previous year. The momentum of this increase was driven by segment of Finance, Real Estate and Professional (7.7%) and Information & Communication and Transportation & Storage (7.2%). The seasonally adjusted volume index of this sector increased by 1.8 per cent as compared to the previous quarter. Performance by Segment Wholesale & Retail Trade, Food & Beverages and Accommodation The segment of Wholesale & Retail Trade, Food & Beverages and Accommodation increase by 6.7 per cent as compared with the same quarter of 2017. This increase was stimulated by Food & Beverages sub-sector, 7.4 per cent. The seasonally adjusted volume index of this segment grew by 1.2 per cent as compared to the previous quarter. Finance, Real Estate and Professional The volume index of Finance, Real Estate and Professional segment went up by 7.7 per cent as compared to the corresponding quarter of 2017. This increase was driven by the growth of Professional sub-sector, 10.9 per cent. As compared to previous quarter, the seasonally adjusted volume index of Finance, Real Estate and Professional segment edged up by 2.2 per cent.
  3. Information & Communication and Transportation & Storage An increase of 7.2 per cent was registered in Information & Communication and Transportation & Storage segment as compared with the same quarter of previous year. This growth was spurred by Information & Communication sub-sector, 8.4 per cent. On a quarterly basis, the seasonally adjusted volume index in this segment rose by 2.5 per cent. Other Services Other Services segment went up by 6.4 per cent as compared to the first quarter of 2017. This increase was primarily reflected by the positive growth in Arts, Entertainment & Recreation and Private Health sub-sectors, 7.2 per cent and 6.5 per cent respectively. As compared to previous quarter, the seasonally adjusted volume index of Other Services segment increased by 1.9 per cent. *Notes: Data for first quarter 2018 is provisional. The data will be updated based on the latest available figures and subsequently published in the publication second quarter 2018. Released By: DATO' SRI DR. MOHD UZIR MAHIDIN CHIEF STATISTICIAN MALAYSIA DEPARTMENT OF STATISTICS MALAYSIA 10 May 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]dosm.gov.my