Malaysia’s Wholesale & Retail Trade Sales Value Rose 6.6% To RM144.9 Billion In April: DOSM

Malaysia’s Wholesale & Retail Trade registered monthly sales value of RM144.9 billion, expanded 6.6 per cent year-on-year in April 2024. This was reported by Department of Statistics Malaysia (DOSM) in today’s release entitled Performance Of Wholesale & Retail Trade, April 2024.

The report also presents statistics on sales value and volume index of Wholesale & Retail Trade by sub-sector as well as index of retail sales over the internet.

Dato’ Sri Dr. Mohd Uzir Mahidin, Chief Statistician Malaysia said, “The increase of 6.6 per cent year-on-year for Wholesale & Retail Trade in April 2024 was driven by Retail Trade sub-sector, which rose 5.5 per cent or RM3.3 billion to register RM63.8 billion. Wholesale Trade also grew by registering 4.8 per cent or RM2.9 billion to RM63.8 billion, followed by Motor Vehicles with an increase of 18.1 per cent or RM2.6 billion to settle at RM17.3 billion.”

However, for monthly comparison, Wholesale & Retail Trade fell -0.6 per cent from the previous month, due to the decrease recorded in Motor Vehicles and Wholesale Trade which declined -8.2 per cent and -0.4 per cent, respectively.

Looking at the performance across sub-sectors, the Chief Statistician said, “The growth of 5.5 per cent year-on-year in Retail Trade was contributed by Retail Sales in Non-specialised Stores which grew 5.2 per cent or RM1.2 billion to RM24.7 billion. Other groups in this sub-sector also recorded positive growth namely Retail Sales in Specialised Stores (8.4%), Retail Sales of Household Goods (4.7%), Retail Sales of Automotive Fuel (4.9%), Retail Sales of Food, Beverages & Tobacco (7.2%), Retail Sales of Cultural & Recreation Goods (5.0%), Retail Sales Not in Stores, Stalls or Markets (6.4%), Retail Sales of Information & Communication Equipment (0.4%), and Retail Sales in Stalls & Markets (4.0%).

For month-on-month comparison, sales of this sub-sector rose 1.5 per cent, supported by Retail Sales in Non-specialised Stores (1.8%), Retail Sales in Specialised Stores (1.6%), and Retail Sales of Automotive Fuel (2.9%).”

On the Wholesale Trade sub-sector, the increase of 4.8 per cent year-on-year in this month was supported by Other Specialised Wholesale which rose RM1.0 billion or 4.2 per cent to RM23.9 billion. This was followed by Wholesale of Food, Beverages & Tobacco (6.6%), Wholesale of Household Goods (4.4%), Wholesale of Agricultural Raw Materials & Live Animals (6.7%), Wholesale of Machinery, Equipment & Supplies (2.6%), Non-specialised Wholesale Trade (4.7%), and Wholesale on a Fee or Contract Basis (3.2%).

Conversely, for monthly comparison, Wholesale Trade went down -0.4 per cent, due to negative growth in Other Specialised Wholesale (-0.6%), Wholesale of Food, Beverages & Tobacco (-1.0%), and Wholesale of Household Goods (-0.9%).

Dr. Mohd Uzir Mahidin added, “The year-on-year growth of 18.1 per cent for Motor Vehicles sub-sector in April was fuelled by Sales of Motor Vehicles which surged 26.5 per cent or RM1.8 billion to record RM8.6 billion. This was followed by Sales of Motor Vehicle Parts & Accessories (11.8%) and Maintenance & Repair of Motor Vehicles (13.1%). However, for monthly comparison, this sub-sector contracted -8.2 per cent, dragged down by Sales of Motor Vehicles (-13.4%) and Sales, Maintenance & Repair of Motorcycles (-21.2%).”

For index of retail sale over the internet, the index expanded 4.3 per cent year-on-year in April 2024 as compared to 5.6 per cent in March 2024. For seasonally adjusted value, the index increased 2.1 per cent as against the previous month. In terms of volume index, Wholesale & Retail Trade for April 2024 registered a year-on-year growth of 4.5 per cent. The expansion was attributed to all sub-sectors namely Motor Vehicles (17.1%), Retail Trade (3.5%), and Wholesale Trade (2.7%). For seasonally adjusted volume index, it rebounded 5.5 per cent month-on-month.

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