Services sector’s average revenue falls nearly 40pc during MCO, says Statistics Dept | Malay Mail

KUALA LUMPUR, May 11 — The services sector generated an estimated revenue of RM83.29 billion during the first three phases of the movement control order (MCO) up to April 28, representing a drop of 38.6 per cent in its estimated average monthly revenue. The Department of Statistics Malaysia...

Monday, 11 May 2020 02:26 PM MYT

KUALA LUMPUR, May 11 — The services sector generated an estimated revenue of RM83.29 billion during the first three phases of the movement control order up to April 28, representing a drop of 38.6 per cent in its estimated average monthly revenue. “Wholesale trade is expected to record revenue of RM34.77 billion or a 28.2 per cent drop, followed by retail and motor vehicles ,” the department said in a newsletter focusing on the MCO’s impact on the services sector.

The services subsectors that suffered the largest percentage drop were the arts, entertainment and recreation segment and food and beverages .

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