Malaysia’s wholesale and retail sales grew 15.2% year-on-year (yoy). — Photo by Devan Manuel
Thursday 09 June 2022 13:37 MYT
KUALA LUMPUR, June 9 — Malaysia’s wholesale and retail sales increased 15.2% year-on-year (year-on-year) to register RM128.0 billion in April 2022, according to the Department of Statistics Malaysia (DOSM).
Chief Statistician Datuk Seri Mohd Uzir Mahidin said the increase in wholesale and retail trade was attributed to the retail trade sub-sector which grew by RM9.3 billion or 20.9% to reach a record RM53.6 billion.
“Wholesale also increased by 11.5% or RM6.1 billion to RM59.0 billion. During the same period, motor vehicles jumped 11.3% or RM1.6 billion to RM15.4 billion.
“Generally, the overall increase of RM16.9 billion or 15.2% in wholesale and retail trade is attributable to the celebration of Hari Raya and increased online shopping,” he said. said in a statement today.
On a monthly comparison (mom), he said the value of wholesale and retail sales increased by 3.4%, sales in the retail sub-sector increased by 7.4% and that the wholesale trade sub-sector grew by 3.1 percent.
Mohd Uzir also said that on a monthly basis, the motor vehicle sub-sector fell by 7.7% which was pushed down by motor vehicle sales at 16.5%, the industry continuing to be impacted by chip shortages as well as a higher recorded base. in March.
“The Internet Retail Sales Index for April 2022 recorded a year-on-year growth of 24.9% (March 2022: 17.0%). For the seasonally adjusted value index, it was up 11.6% from the previous month,” he said.
He said that in terms of volume index, wholesale and retail trade for April 2022 recorded a year-on-year growth of 10.0%.
“The expansion was helped by retail trade which increased by 16.6%.
“Similarly, motor vehicles and wholesale trade also recorded positive growth with 7.2% and 3.3% respectively. For the seasonally adjusted volume index, it increased by 7.9% mom,” the chief statistician said.
The DOSM conducts the Household Income, Expenditure and Basic Amenities Survey (HIES/BA) 2022 from January 1 to December 31, and the Annual Economic Survey 2022 (AES 2022) from April 15 to September 30.
Visit www.dosm.gov.my for more information. — Bernama