PUTRAJAYA, Aug 8 — The Volume Index of Services experienced a robust 6.7 per cent growth in the second quarter (Q2) of 2024, recording 152.2 points, according to Volume Index of Services, Second Quarter 2024, released today by the Department of Statistics Malaysia (DOSM).
Chief Statistician Datuk Seri Mohd Uzir Mahidin said the performance of the Volume Index of Services for Q2 2024 was attributed to the growth in the business services and finance segment which experienced a 10.4 per cent increase to reach 144.7 points.
This is followed by wholesale and retail trade, food and beverages, and the accommodation segment which registered a growth of 5.1 per cent to reach 152.6 points.
“In the same period, the information and communication and transportation and storage segment rose 6.0 per cent to stand at 167.8 points, while other services segment grew 7.4 per cent,” he said in a statement today.
For quarter-on-quarter comparison, the Volume Index of Services had a 1.2 per cent increase in Q2 2024, supported by the increase in wholesale and retail trade, food and beverage and accommodation segment, followed by information and communication and transportation and storage segment (1.8 per cent), and other services segment (0.9 per cent.
However, the business services and finance segment decreased by -0.1 per cent.
Uzir said the seasonally adjusted volume index increased by 3.9 per cent compared to Q1 2024, increasing wholesale and retail trade, food and beverage and accommodation segment (4.9 per cent); business services and finance segment (3.3 per cent); information and communication, transportation and storage segment (1.9 per cent), and other services segment (5.7 per cent).
— Bernama
