Performance of Services Sector

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 percent 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.

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

Released By:

DEPARTMENT OF STATISTICS MALAYSIA
8 February 2023

Contact person:

Baharudin Mohamad
Public Relation Officer
Strategic Communication and International Division
Department of Statistics Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : baharudin[at]dosm.gov.my