Service sector revenue in 4Q up 1.7% to nearly RM436b

Surviving the pandemic: A file picture showing shoppers at the Kenanga Wholesale City before the MCO came into effect.

KUALA LUMPUR: The service sector’s revenue increased by 1.7 per cent quarter-on-quarter (q-o-q) to RM435.9 billion in the fourth quarter of 2020 (Q4 2020) compared to Q3 2020, said the Department of Statistics Malaysia.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth was driven by wholesale and retail trade, food and beverages and accommodation segment, which increased 1.5 per cent to RM351.3 billion, followed by the information and communication and transportation and storage segment, which improved 3.4 per cent to RM61.9 billion.