Department of Statistics: Malaysia’s wholesale and retail sales return to pre-pandemic level of RM 116.4 billion in October 2021 | Money

People are seen wearing protective masks as they walk along the Bukit Bintang shopping area in Kuala Lumpur on October 9, 2021. – Photo by Firdaus Latif

KUALA LUMPUR, December 10 – Malaysia’s wholesale and retail sales in October 2021 are back to their highest level on record, rebounding 5.4% year-on-year to RM116.4 billion, according to the Malaysia Department of Statistics (DoSM).

Malaysia’s chief statistician Datuk Seri Mohd Uzir Mahidin said the increase was attributed to the wholesale trade sub-sector which continued to record positive growth of 4.4 percent or 2.4 billion euros. ringgit to register 55.8 billion ringgit in October 2021.

Retail trade also grew 5.1% or 2.3 billion ringgit to 46.5 billion ringgit. During the same period, motor vehicles rebounded 10.2% or 1 , 3 billion ringgit to 14.2 billion ringgit, following a series of negative double-digit growth since June 2021, ”he said in a statement today.

For a month-to-month comparison, he said the value of wholesale and retail sales rose 7.7%, supported by the reopening of various economic sectors and interstate travel from the October 11.

Regarding the performance of the sub-sectors, Mohd Uzir said that the growth of the wholesale sub-sector of 4.4% in October was supported by the wholesaling of food, beverages and tobacco which increased. from 10.6% or 1.1 billion ringgit to 11.2 billion ringgit.

“This was followed by other specialist wholesalers with 5.1% to register 22.1 billion RM,” he said.

Likewise, he said, the wholesale trade of agricultural raw materials and live animals increased by 13.1 percent to reach RM 4.7 billion, due to rising raw material prices. .

“For a month-to-month comparison, sales in this subsector increased 5.3 percent,” he explained.

Regarding the retail sub-sector, he said the 5.1% increase was attributed to retail sales in non-specialty stores which recorded an increase of 8.2% or 1.3 billion ringgit to 17.2 billion ringgit.

At the same time, other groups in this sub-sector also recorded positive growth, namely retail sales of automotive fuels (17.8%), retail sales of food, beverages and tobacco (8, 7%), retail sales of household items (3.8%), retail sales other than stores, stalls or markets (28.6%), retail sales of cultural and recreational goods (4.8%), retail sales of information and communication material (0.6%) and retail sales in stalls and markets (11.4%).

However, he noted that retail sales at specialty stores remained negative for a fifth consecutive month at -3.9 percent.

“For a monthly comparison, retailing grew 4.8%, with all groups in this sub-sector showing positive growth,” he said.

Mohd Uzir also said the 10.2 percent growth in the motor vehicle subsector for the month was attributed to motor vehicle sales which rebounded 25.5% or RM 1.8 billion to 9 , RM 1 billion.

In terms of volume index, wholesale and retail trade grew 1.3 percent year-on-year.

He added that the expansion was attributed to motor vehicles which rose 7.0 percent, followed by retail at 2.2 percent.

“However, the wholesale trade registered negative growth of -1.2%. Meanwhile, the seasonally adjusted volume index increased 5.9% month-on-month, ”he said. Bernama

About Timothy Cheatham

Check Also

Analysts Forecast Costco Wholesale Co. (NASDAQ:COST) to Post Quarterly Sales of $50.84 Billion

Wall Street analysts expect Costco Wholesale Co. (NASDAQ:COST – Get Rating) to report sales of …