Malaysia's services sector set to grow 5.5pct in 2026
KUALA LUMPUR: Malaysia's services sector is projected to grow 5.5 per cent in 2026, driven by tourism, domestic spending, steady trade activity and growing demand for digital services, according to the Finance Ministry's Economic Outlook 2027 report.
Malaysia's services sector is expected to expand by 5.2% in 2027, driven by growth across all subsectors, with high-value digital services and tourism-related activities playing a significant role. The wholesale and retail trade subsector is forecasted to contribute 4.4% to the growth, while the information and communication sector is projected to expand by 7.9%, fueled by increased demand for cloud computing and digitalisation.
The transportation and storage subsector is anticipated to grow by 7.4%, benefiting from trade and logistics activities, as well as the commencement of the East Coast Rail Link and Johor Bahru-Singapore Rapid Transit System Link.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
