December wholesale and retail trade sales up 6%

The increase was attributed to retail trade which expanded 7%

by HARIZAH KAMEL/ pic by MUHD AMIN NAHARUL

MALAYSIA’S wholesale and retail trade sales registered a 6% growth in December 2019, worth RM115.9 billion, than the previous year, the Department of Statistics Malaysia data showed.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin (picture) said the increase was attributed to retail trade which expanded 7%, driven by retail sale in specialised stores of 8.8% and retail sale in non-specialised stores with 8.5%.

“Within the same period, sales value of wholesale trade and motor vehicles also expanded to record 5.5% and 4.5%,” he said in a statement yesterday.

Mohd Uzir said for the performance of wholesale and retail trade, sales value increased 3.7% compared to the preceding month.

“Wholesale trade and retail trade subsectors posted a growth of 4.5% and 4.2% respectively. On the other hand, motor vehicles subsector declined by 1.7% this month,” he said

Wholesale trade rose 5.4%, while motor vehicles grew 4.4% in this month. As for the seasonally adjusted volume index, it increased marginally 0.02% compared to November 2019.

Meanwhile, the revenue for the services sector in the fourth quarter of 2019 (4Q19) is recorded at RM459.4 billion, with a 6.1% year-on-year (YoY) growth.

The growth was driven by wholesale and retail trade, food and beverages (F&B) and accommodation segment, increased to 5.8% or RM362.5 billion.

“The growth was also contributed by information and communication, as well as transportation and storage segment which recorded RM69.1 billion, a 6.8% increase,” Mohd Uzir said.

On a quarterly basis, the total revenue recorded an increase of RM9.7 billion to RM459.4 billion.

The number of persons engaged in this sector increased by 96,752 persons at 3.8 million, driven by wholesale and retail trade, F&B and accommodation segment with an increase of 83,539 persons.

“Salaries and wages paid also registered an increase of RM25.8 billion with a growth of 4.2% on YoY comparison, propelled by wholesale and retail trade, F&B and accommodation segment with an increment of RM579.9 million.

“Quarterly basis showed that salaries and wages increased RM490.5 million or 1.9%,” he added.

Concurrently, the construction sector recovered 1.3% YoY to RM37 billion in 4Q19.

“The civil engineering subsector soared higher at 7.9% in 4Q19, followed by the special trade activities subsector 3.8%. Residential buildings subsector rose by 2.7% after contracting since the 1Q19. Meanwhile, the non-residential buildings subsector declined by 10.3%,” he said.

The civil engineering subsector remained dominant as the main contributor to the value of construction work done with a 45.4% share in 4Q19.

Non-residential buildings contributed 25.1%, residential buildings 24.5% and special trade activities 4.9%.

The report also stated that the private sector continued to spur the construction activity with 56.1% share of the value of construction work done as against the public sector with 43.9%.

Overall, the value of construction work done in 2019 recorded a 0.6% growth amounted to RM146.4 billion compared to RM145.5 billion in the previous year.