DOSM: Malaysia’s wholesale and retail sales hit a record high of RM118.1 billion in November 2021

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KUALA LUMPUR (January 11): Malaysia’s wholesale and retail sales in November 2021 registered their highest level on record, increasing 7% year-on-year (year-on-year) for reach RM118.1 billion, surpassing the previous month’s level of RM116. 2 billion, the Department of Statistics Malaysia (DOSM) said.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase was attributed to the wholesale trade sub-sector, which recorded a positive growth of 6.8% or RM3.6 billion to register 56.3 billion RM in November 2021.

“Retail also grew by 6.7% or RM3 billion to RM47.8 billion. During the same period, motor vehicles grew by 8.6% or RM1.1 billion to reach RM13.9 billion,” he said in a report on the performance of trade in wholesale and retail released Tuesday, January 11.

For a month-to-month comparison (mum), he said the value of wholesale and retail trade rose 1.6%, supported by the reopening of various economic sectors and inter-country travel. -States from October 11th.

Regarding the performance of the sub-sectors, Mohd Uzir said that the growth of the wholesale trade sub-sector of 6.8% in November 2021 was supported by the other specialized wholesalers, which increased by 7.6% or 1 RM.6 billion to reach RM22.1 billion.

“This was followed by wholesale food, drink and tobacco with 11.2% for a record RM11.4 billion,” he said.

Similarly, he said the wholesale of agricultural raw materials and live animals also increased by 15.5% to RM4.7 billion, due to rising commodity prices.

“For a monthly comparison, sales in this sub-sector increased by 1%,” he explained.

On the retail sub-sector, he said the 6.7% increase was attributed to retail sales at non-specialty stores, which recorded an increase of 9.9% or 1.6 billion dollars. RM to RM17.7 billion.

At the same time, other groups within this sub-sector also recorded positive growth, namely retail sales of automotive fuels (18.2%), retail sales of household goods (6.4%), retail sales of food, beverages and tobacco (9.1%), retail sales not in stores, stalls or markets (28.4%), retail trade in cultural and leisure goods (4.5% ), retail of information and communication equipment (0.8%) and retail stall and market (11.6%).

However, he also said retail sales at specialty stores remained negative for a sixth consecutive month at -1%.

“As a monthly comparison, retail trade grew 3.4%, with all groups in this subsector posting positive growth,” he said.

Additionally, Mohd Uzir said the 8.6% growth in the motor vehicle subsector for the month was attributed to motor vehicle sales, which continued their double-digit growth of 11.8% or 0. RM.9 billion to RM8.1 billion.

Motorbike sales, maintenance and repair followed with 9.4% for a record RM1.2 billion.

Similarly, sales of motor vehicle parts and accessories and motor vehicle maintenance and repair rebounded to post positive growth of 2.9% and 4%, respectively.

“However, on a month-to-month basis, sales for this subsector declined -1.9%, led by motor vehicle sales which recorded -10.4%,” he said.

Mohd Uzir said the Internet Retail Sales Index recorded 21% year-on-year growth (October 2021: 20.7%), while for the seasonally adjusted value the index increased by 5.4% compared to the previous month.

In terms of volume index, wholesale and retail trade recorded year-on-year growth of 2.9%.

He added that the expansion was attributed to motor vehicles, which rose 5.2%, followed by retail trade at 3.3%.

Similarly, wholesale trade also recorded a positive growth of 1.4%, while the seasonally adjusted volume index increased by 1.6% month-on-month.

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