Malaysia services sector revenue jumps 11pct to RM732.5bil in Q3 2026
KUALA LUMPUR: Malaysia's services sector revenue grew 11 per cent year-on-year to RM732.5 billion in the third quarter of 2026, supported by stronger household spending, tourism-related activities and continued expansion in digital services.
Malaysia's services sector revenue grew by 11% year-on-year to RM732.5 billion in Q3 2026, driven by stronger household spending, tourism-related activities, and the expansion of digital services. The wholesale and retail trade, food and beverage, and accommodation sectors were the largest contributors, with an 11.6% revenue increase to RM554.7 billion.
This growth was bolstered by major events such as MAHA 2026, MATTA Fair, the 2026 Malaysia Games (SUKMA), Citrawarna 2026, and concerts, as well as public and school holidays. Additionally, the information & communication and transportation & storage sectors saw a 9.7% and 9.2% revenue increase, respectively, with the latter benefiting from continued e-commerce expansion and demand for express delivery.
Overall, the services sector employment grew by 2.2% year-on-year, while total salaries and wages rose by 4.6% to RM36.1 billion.
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.
