Services sector revenue posts 25.2% growth to RM506.5bil in Q2

Statistics Department chief Datuk Seri Dr Mohd Uzir Mahidin. – MUHAMAD SHAHRIL ROSLI/The Star

KUALA LUMPUR: Revenue for Malaysia’s services sector grew 25.2 per cent year-on-year (y-o-y) to RM506.5 billion in the second quarter of 2022 (Q2 2022), the Department of Statistics Malaysia (DoSM) said.

It said this was contributed by the wholesale and retail trade, food and beverages and accommodation segment which saw revenue went up 26.1 per cent y-o-y to RM409.3 billion while the information and communication and transportation and storage segment revenue edged up 21.3 per cent to RM72.2 billion.