March wholesale, retail trade sales value expands 5.4%

The value of Malaysia’s wholesale and retail trade sales rose 5.4% to RM109.3 billion in March 2019 compared to the same period last year, said the Department of Statistics Malaysia.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin (picture) said the increase was due to retail trade, which expanded 6.9%.

“For wholesale trade, the sales value recorded an annual growth of 5%, while motor vehicles expanded 1.8%,” he said in a statement yesterday.

Mohd Uzir said the sales performance of wholesale and retail trade in the month under review also rose 5.7% versus February 2019.

He said all subsectors experienced positive growth, especially motor vehicles which rebounded to a 16% growth after a contraction of 11.7% a month ago.

“The surge was driven by double-digit growth in motor vehicle sales of 22.7%, and sales, maintenance and repair of motorcycles of 14.6%,” he said.

In terms of volume index, Mohd Uzir said the wholesale and retail trade recorded a 5.1% growth compared to the previous corresponding month.

“The gain was propelled by retail trade with a 7.4% growth.

“This was followed by wholesale trade and motor vehicles which grew 3.4%,” he said. — Bernama