According to the Department of Statistics Malaysia, Malaysia’s wholesale and retail trade sales rose 5.4 percent year on year to RM116.4 billion in October 2021, the highest level on record (DoSM).
In a statement released today, Malaysia’s chief statistician Datuk Seri Dr Mohd Uzir Mahidin says, “The increase was attributed to the wholesale trade sub-sector, which continued to record a positive growth of 4.4 percent or RM2.4 billion to register RM55.8 billion in October 2021.
“Retail trade increased by 5.1 percent to RM46.5 billion, or RM2.3 billion. After a series of double-digit negative growths since June 2021, motor vehicles rebounded 10.2 percent, or RM1.3 billion, to RM14.2 billion during the same period.”
In a month-to-month comparison, he said wholesale and retail trade sales increased 7.7%, owing to the reopening of various economic sectors and interstate travel beginning on October 11.
While in terms of sub-sectors, Mohd Uzir said that the wholesale trade sub-sector grew by 4.4 percent in October, with wholesale food, beverages, and tobacco growing by 10.6 percent, or RM1.1 billion, to RM11.2 billion.
“This was followed by other specialised wholesale with 5.1 percent to record RM22.1 billion.
“Agricultural raw materials and live animals wholesale increased 13.1 percent to RM4.7 billion, owing to higher commodity prices.
“For month-on-month comparison, sales of this sub-sector went up 5.3 percent,” he says.
In the retail trade sub-sector, according to Mohd Uzir the 5.1 percent increase was due to an increase of 8.2 percent, or RM1.3 billion, in non-specialized store sales, which rose to RM17.2 billion
Other groups in this sub-sector, such as retail sales of automotive fuels (17.8%), retail sales of food, beverages, and tobacco (8.7%), retail sales of household goods (3.8%), retail sales not in stores, stalls, or markets (28.6%), retail sales of cultural and recreation goods (4.8%), retail sales of information and communication equipment (0.6%), and retail sales install and market (0.6%), all saw positive growth (11.4 percent).