Revenue for Services Sector First Quarter 2020

Overall Performance

Total revenue of Services sector in first quarter 2020 recorded RM437.8 billion, increased 1.5 per cent as compared to the same quarter 2019. The highest contribution was registered by Wholesale & Retail Trade, Food & Beverages and Accommodation segment (+RM5.3 billion; +1.5%). Meanwhile, total revenue on a quarterly basis registered a negative growth of 4.7 per cent or RM21.4 billion.

Total number of persons engaged in this sector amounted to 3.7 million persons, an increase of 36,683 persons or 1.0 per cent as compared to the same quarter of the previous year. Quarterly basis indicated that number of persons engaged recorded a negative growth of 1.6 per cent or decreased 61,428 persons.

In this quarter, salaries & wages paid was RM25.0 billion, an increase of 1.4 per cent as against to the previous year, while quarter-on-quarter went down 3.4 per cent.

Wholesale & Retail Trade, Food & Beverages and Accommodation

Total revenue for Wholesale & Retail Trade, Food & Beverages and Accommodation segment recorded a positive growth of 1.5 per cent as compared to the first quarter of 2019 to RM347.2 billion. The growth was contributed by Wholesale & Retail Trade sub-sector (+RM5.1 billion; +1.6%) and Food & Beverages (+RM0.4 billion; +2.4%). For quarterly comparison, this segment recorded a negative growth of  4.1 per cent.

Number of persons engaged in this segment increased 1.1 per cent to 2.8 million persons as compared to the first quarter 2019. Salaries & wages paid grew 1.9 per cent to RM15.0 billion. For quarterly comparison, number of persons engaged and salaries & wages paid went down 2.0 per cent and 1.9 per cent, respectively.

Information & Communication and Transportation & Storage

Information & Communications and Transportation & Storage segment recorded an increase in revenue to RM63.9 billion or 1.4 per cent as compared to the first quarter of 2019. The increase was propelled by Information & Communication sub-sector with 6.5 per cent (+RM2.2 billion). Meanwhile, for quarterly comparisons  revenue went down by  7.5 per cent.

Number of persons engaged for this segment was increased 0.3 per cent year-on-year, to record 475,390 persons and salaries & wages paid amounted to RM5.0 billion. Meanwhile, on quarterly basis, number of persons engaged and salaries & wages paid recorded a negative growth of 0.3 per cent and 10.1 per cent, respectively.

Health, Education and Arts, Entertainment & Recreation

A total of RM16.8 billion revenue was generated for Health, Education and Arts, Entertainment & Recreation segment in the first quarter 2020 with 0.6 per cent decrease compared to the first quarter 2019. This decrease was contributed by the Arts, Entertainment & Recreation subsector (-9.2%). This segment registered a decrease of revenue 3.7 per cent on a quarterly basis.


In this quarter, number of persons engaged recorded 286,093 persons, rose 0.9 per cent as compared to a year ago. Salaries & wages paid also grew 4.0 per cent to RM2.5 billion. Quarter-on-quarter, number of persons engaged decreased 0.7 per cent, meanwhile salaries & wages paid grew by 2.8 per cent.

Professional and Real Estate Agent

Total revenue for Professional and Real Estate Agent segment increased 5.0 per cent against the same quarter of 2019. The rise was propelled by Professional sub-sector (+RM0.4 bilion; +5.2%). For quarterly comparison, this segment recorded a decline of 5.5 per cent.

In first quarter 2020, the number of persons engaged recorded was 179,665 persons or increased by 1.0 per cent as compared to the same quarter of the previous year. Salaries & wages paid grew 3.4 per cent to RM2.5 billion. For the quarterly comparison, number of persons engaged and salaries & wages recorded negative growth of 0.1 per cent and 3.4 per cent respectively.

Volume Index of Wholesale & Retail Trade First Quarter 2020

In the first quarter 2020, volume index of Wholesale & Retail Trade increased 1.5 per cent to 127.5 points as compared to the same period in 2019. Wholesale Trade was the key performer by registering  2.5 per cent.

Seasonally adjusted volume index recorded a negative growth of  3.8 per cent as against the fourth quarter of 2019. For quarterly comparison, Motor Vehicles, Retail  Trade  and  Wholesale  Trade  sub-sectors  recorded  a  negative  growth  of   6.3 per cent, 4.2 per cent  and 2.5 per cent respectively.

Wholesale Trade Sub-sector

Volume index of Wholesale Trade posted a growth of  2.5 per cent to 126.8 points in the first quarter 2020 as compared to the same quarter in 2019. The growth was bolstered by Wholesale of Household Goods ( 3.9%) and Wholesale of Food, Beverages & Tobacco (3.6%).


Retail Trade Sub-sector

In first quarter 2020, Retail Trade sub-sector increased 1.8 per cent to 138.6 points year-on-year. The growth was attributed to Retail Sale of Food, Beverages & Tobacco in Specialised Stores ( 5.5%) and Retail Sale in Non-Specialised Stores  (4.9%).

Motor Vehicles Sub-sector

Volume index of Motor Vehicles dropped 3.5 per cent to 97.6 points in the first quarter 2020 as against the same period in 2019. The downfall was fueled by Sale of Motor Vehicles (-6.2%) and Maintenance & Repair of Motor Vehicles (-1.9%).

Wholesale & Retail Trade, March 2020

A total of  RM103.2  billion was recorded by sales of Wholesale & Retail Trade in March 2020, a decrease of  RM6.3  billion  or  -5.7   per  cent    as     compared    to     the    same     month    a    year    ago.   The    decline    was    attributed    to    Retail    Trade    which    decreased    RM2.9    billion   (-6.6%).    Similarly,    Motor    Vehicles    and    Wholesale    Trade    also    declined    of    RM1.9   billion  (-15.3%)   and   RM1.4  billion  (-2.7%)  respectively.

For performance across sub-sector, sales of Motor Vehicles declined  -15.3  per  cent in March 2020 as compared with the same period of the previous year. Retail Trade and Wholesale Trade also declined to register  -6.6  per  cent and  -2.7  per  cent respectively.

Volume index of Wholesale & Retail Trade registered 120.1 points, contracted to -6.1 per cent as compared to  the same month  of  the  previous year. The negative growth was recorded  in all sub-sectors, namely Wholesale Trade  -2.5 per cent, Retail  Trade  -7.5 per cent  and Motor Vehicles  -14.4  per cent.   As for seasonally adjusted volume  index,  it  recorded  -11.6  per  cent  as  against  a  month  ago.

The      growth      of     -6.1      per     cent    (year-on-year)     in      the      volume     index     of     Wholesale     &     Retail     Trade    was    driven    by    double-digit   fell   in  Motor  Vehicles,   -14.4  per  cent. This was followed by Retail Trade and  Wholesale Trade with  -7.5  per  cent  and  -2.5  per  cent respectively.

Wholesale Trade

Wholesale  Trade  generated  sales  value  of   RM51.8  billion  in  March  2020, down  RM1.4  billion  (-2.7%) as against the corresponding month of the previous year. Wholesale of Machinery, Equipment & Supplies, Wholesale of Agricultural Raw Materials & Live Animals, Other Specialised Wholesale and Wholesale of Household Goods contracted as against March 2019. For monthly comparison, sales of this sub-sector also registered a negative growth of  1.6  per  cent.

Volume   index   of   Wholesale   Trade   shrank   2.5   per   cent   to   123.8   points   in  March  2020  as  compared  to  the  same  month  of the preceding year. This was driven by the contraction in Wholesale of Machinery, Equipment & Supplies, Wholesale of Agricultural Raw Materials & Live Animals, Other Specialised Wholesale and Wholesale of Household Goods. For monthly comparison, seasonally adjusted volume index of this sub-sector registered a negative growth of  7.6  per  cent.

Retail Trade 

Sales  of  Retail  Trade  registered  a  year-on-year  growth  of  -6.6  per  cent  as  compared  to  March  2019.   Among  the  groups  that  contributed  to  the  negative  growth  were  Retail  Sale  of  Automotive  Fuel  in  Specialised  Stores  and  sales  related  to  non-essential product namely Retail Sale of Other Household Equipment in Specialised Stores, Retail Sale of Other Goods in Specialised Stores and Retail Sale of Cultural & Recreation Goods in Specialised Stores.

Volume index of Retail  Trade went  down  to  -7.5  per  cent  to  126.8  points  in  March  2020  as  against  the  same  month  of  previous  year.  Inline  with  the  sales  value,  this  was  attributed  to  Retail  Sale  of  Automotive  Fuel  in  Specialised  Stores  and  sales related to non-essential product namely Retail Sale of Other Household Equipment in Specialised Stores, Retail Sale of Cultural & Recreation Goods in Specialised Stores and Retail Sale of Other Goods in Specialised Stores. As for seasonally adjusted volume index, it decreased to  -14.4  per  cent as compared to February 2020.

Motor Vehicles

Sales  value  of  Motor Vehicles  decreased  to  -15.3  per  cent  as  against  the  corresponding  period  of  the previous year. The decline was supported by Sale of Motor Vehicles (-19.9  per  cent), Sale of Motor Vehicle Parts & Accessories (-8.9  per  cent), Maintenance & Repair of Motor Vehicles (-9.8  per  cent)and Sale, Maintenance & Repair of Motorcycles with  -10.7 per cent. Compared to February 2020, sales value showed a negative growth of  4.4  per  cent.

The  volume  index  registered   89.3   points,  decreased  to   -14.4   per   cent  compared  to  a  year  ago.  It  was  due  to  Sale  of  Motor  Vehicles which contracted to  -19.7  per  cent, Maintenance & Repair of  Motorcycles  (-11.2%), Maintenance & Repair of Motor Vehicles  (-10.9%) and Sale of Motor Vehicle Parts & Accessories  (-8.6%)  in March 2020. For monthly comparison, seasonally adjusted volume index decreased  -15.4  per  cent.

UCAPAN TAHNIAH

Warga BPP mengucapkan setinggi-tinggi tahniah kepada YBhg. Dato’ Sri Dr. Mohd Uzir Mahidin, Ketua Perangkawan Malaysia atas penganugerahan sebagai Tokoh Hari Pekerja CUEPACS 2020 sempena Sambutan Hari Pekerja CUEPACS 2020.

Semoga dengan penganugerahan ini menjadikan kami warga DOSM terus bersemangat untuk terus cemerlang dan merealisasi usaha jabatan menjadi sebuah organisasi statistik yang terbilang di dunia.

Tahniah dan syabas daripada kami warga BPP

TAHUKAH ANDA?

Impak Perintah Kawalan Pergerakan (PKP) Terhadap Subsektor Penyelenggaraan & Pembaikan Kenderaan Bermotor Malaysia

Dalam tempoh PKP bermula 18 Mac hingga 28 April 2020, DOSM menjangkakan
subsektor Penyelenggaraan dan Pembaikan Kenderaan Bermotor menjana nilai
jualan sebanyak RM0.19 bilion iaitu merosot 86.9 peratus berbanding tanpa PKP.

SALES VALUE OF WHOLESALE & RETAIL TRADE RECORDED RM109.0 BILLION IN FEBRUARY 2020

A total of RM109.0 billion was recorded by sales of Wholesale & Retail Trade in February 2020, an increase of RM5.5 billion or 5.3 per cent as compared to the same month a year ago. The growth was attributed to Retail Trade which increased RM2.7 billion (+6.3%). Similarly, Wholesale Trade and Motor Vehicles rose RM2.4 billion (+4.9%) and RM0.4 billion (+3.5%) respectively.

Volume index of Wholesale & Retail Trade posted a growth of 5.4 per cent to reach 127.9 points as compared to the same month of the previous year. The key contributor for this growth was Retail Trade with 6.4 per cent. As for seasonally adjusted volume index, it recorded -0.6 per cent as against a month ago.

For performance across sub-sector, Retail Trade led the other sub-sectors with year-on-year growth of 6.3 per cent. Within the same period, Wholesale Trade expanded 4.9 per cent, while Motor Vehicles rose 3.5 per cent.

The growth of 5.4 per cent (year-on-year) in the volume index of Wholesale & Retail Trade was driven by Retail Trade (6.4%). This was followed by Wholesale Trade and Motor Vehicles with 4.9 per cent and 3.6 per cent respectively.

Wholesale Trade

Wholesale Trade generated sales value of RM52.6 billion in February 2020, increased RM2.4 billion (4.9%) as against the corresponding month of the previous year. The expansion was supported by Other Specialised Wholesale (7.0%), Wholesale of Household Goods (6.8%) and Wholesale of Food, Beverages & Tobacco (4.3%). For monthly comparison, sales of this sub-sector registered a negative growth of 5.4 per cent.

Volume index of Wholesale Trade expanded 4.9 per cent to 124.8 points in February 2020 as compared to the same month of the preceding year. This was driven by Other Specialised Wholesale (7.0%) and Wholesale of Household Goods (7.7%). For monthly comparison, seasonally adjusted volume index of this sub-sector registered a negative growth of 0.5 per cent.

Retail Trade

Sales of Retail Trade registered a year-on-year growth of 6.3 per cent as compared to February 2019. The expansion was fueled by Retail Sale in Non-specialised Stores which registered (7.5%) and Retail Sale of Other Goods in Specialised Stores (7.6%).

Volume index of Retail Trade rose 6.4 per cent to 141.4 points in February 2020. This was attributed to Retail Sale in Non-Specialised Stores which expanded 7.4 per cent. This was followed by Retail Sale of Other Goods in Specialised Stores of 7.3 per cent. As for seasonally adjusted volume index, it decreased to -0.8 per cent as against January 2020.

Motor Vehicles

Sales value of Motor Vehicles went up 3.5 per cent as against the corresponding period of the previous year. The increment was supported by Sale of Motor Vehicles (3.3%) and Sale of Motor Vehicles Parts & Accessories (3.5%). Compared to January 2020, sales value showed a negative growth of 9.4 per cent.

The volume index rose 3.6 per cent to 99.3 points compared to a year ago. It was propelled by Sale of Motor Vehicles with 3.7 per cent and Sale of Motor Vehicles Parts & Accessories with 3.4 per cent in February 2020. For monthly comparison, seasonally adjusted volume index increased 1.6 per cent.

COVID-19: IMPACT ON TOURISM INDUSTRY

Covid-19 has and will continue to have a significant impact on many industries. The travel industry is no exception, and in fact, maybe the hardest hit. Due to the severity of the Covid-19 pandemic, the government has implemented the Movement Control Order (MCO) on 18 March 2020 as a preventive measure to curb the spreading of the virus. The Malaysian government has declared that hotels could no longer accept guests, while non-essential service such as spas would have to be closed throughout the period.

At the same time, many countries started to implement travel restriction to Malaysia, which resulted a loss of RM68 mil in revenue with 170,085 room bookings cancelled, according to the Malaysia Association of Hotels (MAH). While the cancellations of hotel were mainly from the China market, there were also reports of cancellations from the domestic market, Singapore, Hong Kong, Taiwan, Vietnam and Europe. Meanwhile, South Korean cancellations increased after its government issued an advisory against travelling to Malaysia.

According to MAH, as of now, 2,041 employees of the industry had been laid off due to economic pressures and the extended MCO, while 9,773 were given unpaid leaves and another 5,054 had taken pay cuts.


Sources by MAH R&D Occupancy Survey, click here.

Painting a dismal outlook for the sector, the MAH is projecting a revenue loss of RM560.72 mil during the MCO period, with occupancy rates projected to fall to a dismal 11% from 32% during the middle of last month.

OECD outlook on Covid-19 Pandemic

OECD Secretary General Angel Gurría, in preparation for the G20 Virtual Summit, unveiled the latest OECD estimates showing that the lockdown will directly affect sectors amounting to up to one third of GDP in the major economies. For each month of containment, there will be a loss of 2 percentage points in annual GDP growth. The tourism sector alone faces an output decrease as high as 70%. Many economies will fall into recession. This is unavoidable, as we need to continue fighting the pandemic, while at the same time increasing efforts to be able to restore economic normality as fast as possible. For more information on “New OECD outlook on the global economy” click here.

UNWTO outlook on Covid-19 Pandemic

UNWTO estimated a global impact from Covid-19:

  • – 290 to 440 million International Tourist Arrivals
  • 5 to 7 years lost in number of tourists
  • – 300 to 450 US$ bn Tourism Exports (receipts)
  • 1/3 of 1.5 US$ trillion lost in Tourism Exports

For more information on “Impact assessment of the Covid-19 outbreak on international tourism” click here

SURVEI KHAS: KESAN CORONAVIRUS DISEASE (COVID-19) KEPADA EKONOMI & INDIVIDU

Jabatan Perangkaan Malaysia (DOSM) sedang menjalankan Survei Khas ‘Kesan Coronavirus Disease (COVID-19) kepada Ekonomi dan Individu’-Pusingan 1.

Kerjasama tuan/puan amat diperlukan untuk melengkapkan survei ini menerusi capaian : https://bit.ly/SurveiCOVID19DOSM atau melalui imbasan kod QR yang disediakan.

Sama-sama kita membantu negara menangani krisis COVID-19.

#StayAtHome

#PrayForMalaysiaAndAll

#StatsMalaysia

WHOLESALE & RETAIL TRADE RECORDED RM115.9 BILLION IN DECEMBER 2019

A total of RM115.9 billion was recorded by sales of Wholesale & Retail Trade in December  2019, an increase of  RM6.6 billion or  6.0 per cent as compared to the   same  month  a  year  ago. The  growth   was   attributed   to   Retail  Trade  which  increased  RM3.1 billion  (+7.0%).   Similarly,   Wholesale   Trade   and   Motor   Vehicles   rose   RM2.9 billion  (+5.5%)  and  RM0.5 billion (+4.5%) respectively.

Volume index of Wholesale & Retail Trade posted a growth of  6.0 per cent to reach  134.7 points as compared to the same month of the previous year. The key contributor for this growth was Retail Trade with 7.0 per cent. As for seasonally adjusted volume index, it increased  0.02 per cent as against a month ago.

For performance across sub-sector, Retail Trade led the other sub-sectors with year-on-year growth of  7.0 per cent. Within the same period, Wholesale Trade expanded  5.5 per cent, while Motor Vehicles rose 4.5 per cent.

The growth of 6.0 per cent (year-on-year) in the volume index of Wholesale & Retail Trade was driven by Retail Trade (7.0%). This was followed by Wholesale Trade (5.4%) and Motor Vehicles (4.4%)

Wholesale Trade

Wholesale Trade generated sales value of RM55.7 billion in December  2019, increased RM2.9 billion (5.5%) as against the corresponding month of the previous year. The expansion was supported by Other Specialised Wholesale (6.9%), Wholesale of Food, Beverages & Tobacco (6.5%), Wholesale of Household Goods (6.3%) and Non-specialised Wholesale Trade (5.5%). For monthly comparison, sales of this sub-sector increased  4.5 per cent.

Volume index of Wholesale Trade expanded  5.4 per cent to  131.4 points in December  2019 as compared to the same month of the preceding year. Wholesale of Household Goods recorded the highest growth of  7.3 per cent. This was followed by Other Specialised Wholesale (7.1%) and Wholesale of Food, Beverages & Tobacco  (5.8%). For  monthly  comparison,  seasonally adjusted volume index of this sub-sector edged up  0.2 per cent.

Retail Trade 

Sales of Retail Trade registered an annual growth of  7.0 per cent as compared to December 2018. The expansion was fueled by  Retail Trade Not  in  Stores, Stalls  or  Markets  (9.2%), Retail  Sale  Via  Stalls  &  Markets ( 8.9%),  Retail  Sale  of  Other  Goods  in  Specialised  Stores  (8.8%), Retail  Sale  of  Food, Beverages  &   Tobacco   in   Specialised   Stores   (8.6%),   Retail   Sale   in   Non-specialised Stores (8.5%) and Retail Sale of Cultural & Recreation Goods in Specialised Stores (7.0%). 

Within the same period, volume index of Retail  Trade  rose 7.0 per cent  to 149.6 points  in  December  2019.  Retail  Sale  of  Automotive  Fuel  recorded  a  growth  of  9.0 per cent. This was followed by Retail Trade Not in Stores, Stalls or Markets which registered  8.9 per cent and Retail Sale of Other Goods in Specialised Stores of  8.6 per cent. As for seasonally adjusted volume index, it increased  0.5 per cent as against November 2019.

Motor Vehicles

Sales value of Motor Vehicles went up  4.5 per cent as against the corresponding period of the previous year. The increment was supported by Sale, Maintenance & Repair of Motorcycles (4.8%) and Sales of Motor Vehicles (4.7%). Compared to November 2019, sales value decreased  1.7 per cent.

As for volume index, it rose  4.4 per cent to  102.8 points compared to a year ago. The rise was propelled by Sale of Motor Vehicles Parts & Accessories and Sales of Motor Vehicles which recorded  4.9 per cent respectively in December 2019. For monthly comparison, seasonally adjusted volume index decreased  3.0 per cent.

Design a site like this with WordPress.com
Get started