Malaysia’s wholesale and retail sales increased by 15.2% to RM128 billion in April 2022


KUALA LUMPUR (June 9): Wholesale and retail sales in Malaysia increased by 15.2% year-on-year (year-on-year) to register RM128 billion in April 2022, according to the Department of Statistics Malaysia (DOSM).

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase in wholesale and retail trade was attributed to the retail trade sub-sector which grew by RM9.3 billion or 20.9% to reach a record RM53.6 billion.

“Wholesale also increased by 11.5% or RM6.1 billion to RM59.0 billion. During the same period, motor vehicles jumped 11.3% or RM1.6 billion to RM15.4 billion.

“Generally, the overall increase of RM16.9 billion or 15.2% in wholesale and retail trade is attributable to the celebration of Hari Raya and increased online shopping,” he said. said in a statement Thursday, June 9.

On a monthly comparison (mom), he said the value of wholesale and retail trade sales increased by 3.4%, sales in the retail sub-sector increased by 7.4% and the wholesale trade sub-sector was up 3.1%.

Mohd Uzir also said that on a monthly basis, the motor vehicle sub-sector fell 7.7% which was pushed down by motor vehicle sales to 16.5% as the industry continued to be affected by chip shortages as well as the higher base recorded in March. .

“The Internet Retail Sales Index for April 2022 recorded a year-on-year growth of 24.9% (March 2022: 17%). For the seasonally adjusted value index, it was up 11.6% from the previous month,” he said.

He said that in terms of volume index, wholesale and retail trade for April 2022 recorded a year-on-year growth of 10%.

“The expansion was driven by retail trade which grew by 16.6%.

“Similarly, motor vehicles and wholesale trade also recorded positive growth with 7.2% and 3.3% respectively. For the seasonally adjusted volume index, it increased by 7.9% month-on-month,” the chief statistician said.

The DOSM conducts the Household Income, Expenditure and Basic Amenities Survey (HIES/BA) 2022 from January 1 to December 31, and the Annual Economic Survey 2022 (AES 2022) from April 15 to September 30.

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