Malaysia's services sector revenue soars to 10.4% to RM473bil in Q1


KUALA LUMPUR: Revenue for the services sector in the country soared 10.4 per cent to RM473.0 billion in the first quarter (Q1) of 2022 from RM428.5 billion in Q1 2021, the Department of Statistics Malaysia (DoSM) said.

Presenting DoSM's Quarterly Services Statistics, First Quarter 2022 today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said services sector performance in Q1 2022 was driven by the wholesale & retail trade, food & beverages and accommodation segment which increased 9.2 per cent to RM378.7 billion.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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

Miti: Semiconductor industry offers Malaysia chance for exponential growth
Ringgit slightly higher at the close
Awantec to strengthen its synergistic offerings to drive growth
Bursa Malaysia hits all-time high market capitalisation of more than RM2 trillion
Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme
FBM KLCI soars above 1,600, highest in over two years
Bursa Reach to bridge investor-remisier gap
BP profits drop to US$2.7bil, refinery outage offsets higher output

Others Also Read