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VOLUME INDEX OF SERVICES THIRD QUARTER 2024

Volume Index of Services posted 5.6 per cent growth in third quarter 2024, continuing positive trend from the previous quarter. This performance was attributed to the growth in Wholesale & retail trade, Food & beverage and Accommodation segment (4.6%), followed by Business services and Finance segment (6.2%), Information & communication and Transportation & storage segment (6.3%), and Other services segment (8.6%).

For quarter-on-quarter comparison, volume index of Services recorded a 2.5 per cent increase to record 155.9 points. This growth was supported by the increase in Business services and Finance segment (4.3%), followed by Other services segment (2.7%), Wholesale & retail trade, Food & beverage and Accommodation segment (1.9%), and Information & communication and Transportation & storage segment (1.5%).

Meanwhile, the seasonally adjusted volume index for this sector grew 1.6 per cent to stand at 148.9 points in the third quarter of 2024.

 

Contact person:
Baharudin Mohamad
Public Relation Officer
Strategic Communication and International Division
Department of Statistics Malaysia
Tel : +603-8090 4681
Fax : +603-8888 9248
Email : baharudin[at]dosm.gov.my
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