Malaysia’s wholesale and retail trade sales up 5.9% to RM112b in June

By NUR HAZIQAH A MALEK / Pic By TMR File

WHOLESALE and retail trade sales increased 5.9% year-on-year (YoY) to RM112.3 billion in June, according to the Department of Statistics Malaysia.

The department stated yesterday that the retail trade subsector was the main driver for the growth, as its sales value generation increased 7.7% YoY to RM46 billion, tailed by wholesale trade which posted an increase of 6.4% to RM53.6 billion.

However, the sales of motor vehicles decreased by 2.5% to RM12.7 billion.

The retail sales were driven by food and beverages (F&B) and tobacco in specialised stores which posted a 9.2% increase, retail sale of other goods in specialised stores (9.1%), as well as retail sales in non-specialised stores (8.8%).

The wholesale trade sales growth was also attributable to wholesale of agricultural, raw materials and live animals which increased by 8.3%, other specialised wholesale (7.4%) and wholesale of F&B and tobacco (6.7%).

On the other hand, sales of motor vehicles declined 2.5% due to its negative growth of 8.6% during the period under review.

In the second quarter of 2019 (2Q19), the volume index of wholesale and retail trade rose 6.1% to 127.8 points, whereby the key performer was retail trade which registered 9%.

The seasonally adjusted volume index for 2Q19 increased by 2.6% against the previous quarter.

During the 2Q19, the volume index of wholesale trade grew 4% to 127 points YoY, which was supported by F&B and tobacco, as well as agricultural raw materials and live animals’ wholesale.

Retail trade’s volume index also grew 9% to 136.5 points against the previous year, which was attributed by information and communications equipment retail sales and other goods in specialised stores.

Motor vehicles also rose 4.1% to 105.6 points during the period, which was driven by the sale of motor vehicles’ parts and accessories, and sale, maintenance and repair of motorcycles and related parts.