Chart 2: Services - Value Added and Annual Percentage Change

Services sector grew 4.4 per cent as compared with 5.0 per cent in second quarter of 2015. Wholesale & Retail Trade continued to drive the Services sector by registering a growth of 5.7 per cent. The sturdy momentum in data communication activities has spurred Information & Communication sub-sector to increase 9.5 per cent. Meanwhile, Business Services augmented to 7.6 per cent boosted by the better performance in professional activities.

Chart 3: Manufacturing - Value Added and Annual Percentage Change

Manufacturing sector rose to 4.8 per cent from 4.2 per cent in the preceding quarter. The better performance of Manufacturing sector was underpinned by Electrical, Electronic & Optical products (10.3%), particularly in manufacture of consumer electronics, printed circuit boards and computer peripheral equipment. Petroleum, Chemical, Rubber & Plastic products (share: 31.0%) continued to support Manufacturing sector by registering a growth of 2.4 per cent.

Chart 4: Mining & Quarrying - Value Added and Annual Percentage Change

Mining and Quarrying sector which accounted for 8.3 per cent of Malaysia's economy, eased to 5.3 per cent (Q2 2015: 6.0%). The moderation was largely due to the lower production of crude oil despite a rebound in production of natural gas and condensate.

Chart 6: GFCF – Value and Percentage Share at Constant 2010 prices

Gross Fixed Capital Formation (GFCF) grew at a higher rate of 4.2 per cent from 0.5 per cent in second quarter of 2015. The growth of GFCF was stimulated by Structure (7.0%) which was in line with the performance of the Construction sector. Private sector (share: 67.4%) rose to 5.5 per cent and Public sector rebounded to 1.8 per cent (Q2 2015: -8.0%).

Chart 7: Exports & Imports - Annual Percentage Change

Exports posted a growth of 3.2 per cent, reversing from 3.7 per cent decline in the second quarter of 2015. Imports turned around to 3.2 per cent from negative 2.8 per cent.