Malaysia’s Wholesale & retail trade achieved a sales value of RM149.0 billion, reflecting a 6.7 per cent growth in July, this was reported by Department of Statistics Malaysia (DOSM) which also presented statistics on sales value and volume index of Wholesale & retail trade by sub-sector as well as index of retail sales over the internet.
In a statement today, Dato’ Sri Dr. Mohd Uzir Mahidin, Chief Statistician Malaysia said, “The 6.7 per cent year-on-year increase for Wholesale & retail trade was primarily driven by Retail trade sub-sector, which rose 6.4 per cent to register RM63.5 billion. Wholesale trade also went up 5.5 per cent to record RM66.6 billion, followed by Motor vehicles with an increase of 12.2 per cent to settle at RM19.0 billion. For monthly comparison, Wholesale & retail trade rebounded 2.1 per cent, bolstered by Motor vehicles which increased.
Commenting further on Wholesale trade sub-sector, the increase of 5.5 per cent, he said year-on-year in this month was supported by Wholesale of machinery, equipment & supplies which rose 10.2 per cent to RM5.4 billion.
Dato’ Sri Dr. Mohd Uzir Mahidin also informed, “The year-on-year growth of 12.2 per cent for Motor vehicles sub-sector in July was attributed to Sales of motor vehicles which recorded a double-digit growth of 14.0 per cent. Additionally, Sale, maintenance & repair of motorcycles elevated 12.9 per cent, followed by Maintenance & repair of motor vehicles and Sales of motor vehicles parts & accessories with 10.5 per cent and 9.6 per cent, respectively. For month-on-month comparison, this sub-sector bounced back 11.6 per cent from the previous month.”For index of retail sale over the internet, the index grew 5.7 per cent year-on-year in July 2024 as compared to 4.8 per cent in June 2024.
For seasonally adjusted value, the index inched up 1.5 per cent as against the previous month. In terms of volume index, Wholesale & retail trade for July 2024 registered a year-on-year growth of 5.5 per cent. The expansion was contributed by all sub-sectors namely Motor vehicles (10.8%), Wholesale trade (5.2%), and Retail trade (4.6%). For seasonally adjusted volume index, it went up 2.1 per cent month-on-month.
