Wholesale & Retail trade Malaysia continues to recover

by TMR/ pic by TMR FILE

SALES value of Wholesale & Retail Trade in Malaysia recorded RM108.0 billion in February 2021, fell 0.9% year-on-year.

Chief Statistician of Malaysia Datuk Seri Dr. Mohd Uzir Mahidin in a statement said this fall was due to Retail Trade which contracted 2.1% or RM0.9 billion to RM44.3 billion.

Similarly, Wholesale Trade recorded a decrease of RM0.03 billion or -0.1% to register RM52.6 billion.

Motor Vehicles also depicted a similar trend with a decrease of RM0.01 billion or -0.1% to RM11.1 billion.

Meanwhile, month-on-month sales value dipped 3.4 per cent in February 2021 due to the extension of Movement Control Order 2.0 (MCO 2.0) nationwide except for Sarawak in February 2021.

“For Retail Trade, a decrease of 2.1 per cent was due to sales of non-essential products namely Retail Sale in Specialised Stores with -6.6%, Retail Sale of Household Goods -2.5%, and Retail Sale of Cultural & Recreation Goods -3.2%.

However, sales of essential goods posted a positive growth mainly in Retail Sale in Non-specialised Stores which registered 1.9% to RM15.8 billion year-on-year.

This was followed by Retail Sale of Food, Beverages & Tobacco which rose 6.2% to RM2.8 billion.

Retail Trade not in Stores, Stalls or Markets also expanded 9.3% to RM0.4 billion followed by Retail Sale via Stalls & Markets which increased 6.1 per cent to RM0.1 billion,” he explained.

Commenting further on Wholesale Trade sub-sector, the fall of 0.1% year-on-year in February 2021 was mainly due to Other Specialised Wholesale which declined 4.3%.

This was followed by Wholesale of Agricultural Raw Materials & Live Animals and Wholesale on a Fee or Contract Basis which contracted 2.0% and 5.1% respectively. However, Wholesale Food, Beverages & Tobacco grew 5.4 per cent to settle at RM10.0 billion.

This was followed by Wholesale of Household Goods which increased 3.4% to RM10.6 billion.

Similarly, Wholesale of Machinery, Equipment & Supplies expanded 2.5% year-on-year to generate sales of RM4.4 billion.

“For Motor Vehicles, a decrease of 0.1 per cent in this month was due to Sale of Motor Vehicles Parts & Accessories which trimmed 4.1 per cent to record RM2.8 billion. This was followed by Maintenance & Repair of Motor Vehicles which went down

6.3 per cent to RM1.5 billion. Sale, Maintenance & Repair of Motorcycles also recorded a decline of 1.9 per cent to RM0.9 billion. On the other hand, Sales of Motor Vehicles showed a positive growth of 3.8 per cent to RM6.0 billion,” he added.

For month-on-month comparison which registered a drop of 3.4%, it was due to Wholesale Trade which eased 5.1% or a decrease of RM2.8 billion.

Similarly, Retail Trade also contracted RM1.4 billion or -3.0%.

On the other hand, Motor Vehicles went up RM0.3 billion or 3.2% within the same period.

Online retail sales index, which portrays e-commerce activity continued to surged to record 23.1% growth year-on-year. However, for seasonally adjusted retail sales index, it decreased 1.8% as against the previous month.

In terms of volume index, Wholesale & Retail Trade registered a fall of -1.1% year-on-year.

The Chief Statistician went on to note that the fall was due to Retail Trade which decreased 2.1%.

This was followed by Motor Vehicles and Wholesale Trade with -1.0 per cent and -0.1% respectively.