Services sector revenue down 24% in Q2


Chief statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin (pic) said the wholesale and retail trade, food and beverages and accommodation segment decreased 23.7% to RM266.5bil, registering the largest decline on record since 2013.

KUALA LUMPUR: The services sector revenue recorded negative growth of 24% in the second quarter of 2020 to RM335.6bil as compared with the same quarter of the previous year, said the Statistics Department.

Chief statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin (pic) said the wholesale and retail trade, food and beverages and accommodation segment decreased 23.7% to RM266.5bil, registering the largest decline on record since 2013.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
Ringgit retreats vs US$ ahead of personal consumption expenditure reading
Oil prices rise as US official eases market concerns over economic headwinds
Inflation in Japan's capital slows more than expected, slides below BOJ goal
FBM KLCI opens lower as investors book profits
Trading ideas: Al-'Aqar REIT, Pantech, AirAsia X, Inta Bina, Khee San, Infoline, Heineken, Agricore
Capital A to dispose of 100% stake in AirAsia Aviation Group, AirAsia for RM6.8bil
Meta projects higher spending, weaker revenue
Property market recovery on the horizon
Buyout proposal for Anglo American could reshape copper market

Others Also Read