Volume Index of Services experienced robust growth of 6.7% in Q2 2024

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Volume Index of Services experienced robust growth of 6.7% in Q2 2024
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PUTRAJAYA: The Volume Index of Services experienced a robust 6.7% growth in the second quarter (Q2) of 2024, recording 152.2 points, according to the ...

: The Volume Index of Services experienced a robust 6.7% growth in the second quarter of 2024, recording 152.2 points, according to the Volume Index of Services, Second Quarter 2024, released today by the Department of Statistics Malaysia .

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin in a statement today 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% increase to reach 144.7 points, followed by wholesale & retail trade, food & beverage and accommodation segment which registered a growth of 5.1% to reach 152.6 points.

“In the same period, the information & communication and transportation & storage segment rose 6.0% to stand at 167.8 points, while other services segment grew 7.4%,” he said. For quarter-on-quarter comparison, he said the Volume Index of Services had a 1.2% increase in Q2 2024, supported by the increase in wholesale & retail trade, food & beverage and accommodation segment, followed by information & communication and transportation & storage segment , and other services segment .Mohd Uzir said that the seasonally adjusted volume index increased by 3.

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