What was the performance of the information and communication sector in Q2 2023?

Question

Accepted Answer

The Information and Communication Sector Achieved 10.1% Year-on-Year Growth in Q2 2023, Generating RM79.5 Billion in Revenue

In the second quarter of 2023, Malaysia's information and communication sector experienced a significant expansion, recording a 10.1 per cent year-on-year increase in revenue. This growth trajectory resulted in a total revenue of RM79.5 billion for the sector during this period.
Year-on-Year Performance Analysis

The 10.1 per cent year-on-year growth highlights a robust performance for the information and communication sector in the second quarter of 2023. This expansion contributed substantially to the overall services sector revenue, which stood at RM568.3 billion for the same quarter.
Quarter-on-Quarter Growth

On a quarter-on-quarter basis, the information and communication sector also demonstrated positive momentum, registering a 2.1 per cent increase in revenue. This indicates continued upward movement within the sector from the first quarter to the second quarter of 2023.
Contribution to Services Sector Revenue

The information and communication sector's revenue of RM79.5 billion in Q2 2023 represents a key component of the broader services sector's economic output. This segment's performance, alongside other segments like wholesale and retail trade, and transportation and storage, collectively propelled the total services sector revenue.

Reading history

Hide →

This history is cleared when the page is closed.

What was the performance of the information and communication sector in Q2 2023?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

2

0

0

Share with friends