Wholesale, retail down in November

On the other hand, motor vehicles continued a positive growth with an increase of RM0.1b to achieve RM12.8b

by HARIZAH KAMEL / pic by TMR FILE

MALAYSIA’S wholesale and retail trade sales registered a contraction of 1.25% year-on-year (YoY) value to RM110.4 billion last November as a result of a 2.3% or RM1.1 billion contraction in retail business to RM44.8 billion compared to the figures in the previous year’s corresponding period.

Department of Statistics Malaysia (DoSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin said similarly, wholesale trade also recorded a decrease of RM0.4 billion to register RM52.8 billion.

On the other hand, he said motor vehicles continued a positive growth with an increase of RM0.1 billion (1.2%) to achieve RM12.8 billion.

“Meanwhile, month-on-month sales value fell -0.1% in November 2020 compared to October partly due to the extension and implementation of the Conditional Movement Control Order (CMCO) beyond the Klang Valley and Sabah in containing the Covid-19 transmission,” he said in DoSM’s report titled “Performance of Wholesale and Retail Trade, November 2020”.

Mohd Uzir said the negative growth of 2.3% was also due to poorer sales of non-essential products, namely retail sale in specialised stores (-6.2%), household goods (-4.4%), cultural and recreation goods (-5.1%), and information and communication equipment (-1.3%).

However, sales of essential goods showed a positive growth, namely retail sales in non-specialised stores which registered a 2.3% YoY growth to RM16.1 billion.

This was followed by the retail sale of food, beverages and tobacco which rose 6.3% to RM2.8 billion.

Retail trade not in stores, stalls or markets also expanded 10.9% to RM0.4 billion, followed by retail sale via stalls and markets which increased 7.2% to RM0.1 billion.

As for wholesale trade, Mohd Uzir said the fall of 0.7% YoY in November 2020 was mainly due to other specialised wholesale and wholesale on a fee or contract basis which declined to record -6.8% and -6.6% respectively.

He said sales of motor vehicles spearheaded the growth with 7.1% YoY to achieve RM7.3 billion, followed by sale, maintenance and repair of motorcycles which registered a sales value of RM1.1 billion, which rose 6.3%.

He added that the online retail sales index, which portrays e-commerce activity, also surged to record 27.7% YoY. For the seasonally adjusted retail sales index, it went up 5.7% against the previous month.

In terms of volume index, wholesale and retail trade registered a growth of -1.6% YoY. Mohd Uzir said the fall was due to retail trade which decreased 3.2%, followed by wholesale trade which contracted 0.5%, while motor vehicles recorded a positive growth to register 0.4%.

Following the re-implementation of the MCO announced by Prime Minister Tan Sri Muhyiddin Yassin on Monday, the second phase of Malaysia Population and Housing Census 2020 via face-to-face interview will be rescheduled.

Those who have not yet completed the census can take the opportunity to fill in the online census (e-Census) which will be reopened.