According to the Department of Statistics Malaysia (DOSM) newly released statistics on Malaysia’s wholesale and retail trade, the figures for June 2022 increased by 44% while its volume rose 35.8% from a year earlier.
The big jump was due to a spike in car sales value of 1,642.8% and volume of 1,529.9%
“Sales value of wholesale and retail trade recorded RM132.8 billion in June 2022, registered a growth of 44% year-on-year. The positive growth was contributed by all sub-sectors, namely motor vehicles 1,642.8%, retail trade 38.4%, and wholesale trade 19.3%,” according to the official statement.
“In terms of volume index, wholesale and retail trade registered a growth of 35.8% year-on-year to record 144.3 points. The increment was supported by the increase of motor vehicles 1,529.9%, retail trade 31.3%, and wholesale trade 10.7%,” the DOSM statement stated.
Whereas for Malaysia’s June 2022 wholesale and retail trade volume was down 2.3% month-on-month (MoM) from May 2022, said the statistics department.
Meanwhile Malaysia’s June 2022 wholesale and retail trade value grew 44% Year-on-Year (YoY) compared to May 2022’s year-on-year rise of 19.6%, according to the DOSM.
“June 2022 wholesale trade value rose 19.3% to RM60.5 billion from a year earlier, retail trade value climbed 38.4% to RM56.2 billion while motor vehicle sales value spiked 1,642.8% to RM16.1 billion,” according to DoSM
The June 2022 motor vehicle sales value spiked 1,642.8% YoY compared to May 2022’s 20.1% YoY increase. Volume wise, The June 2022 motor vehicle sales spiked 1,529.9% YoY compared to May 2022’s 19.6% YoY increase, according to the DOSM.
Whilst, Malaysia’s June 2022 wholesale and retail trade volume index jumped 35.8% to 144.3 points from a year earlier compared to May 2022’s y-o-y increase at 14.7%. Volume-wise, June 2022 wholesale trade up 10.7% from a year earlier, retail trade volume spiked 31.3% while motor vehicle trade volume increased 1,529.9%.
