Malaysia’s wholesale and retail sales rose 3.9% in the first quarter

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KUALA LUMPUR: Malaysia’s wholesale and retail trade sales grew by 3.9% year-on-year (yoy) in the first quarter of 2022 (Q1 2022), the Malaysian Department of Statistics (DOSM) said.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase was attributed to motor vehicles

sub-sector which increased by 8.8%, followed by retail and wholesale which increased by 5.1% and 1.2%, respectively.

“On a quarterly comparison, the volume index rose 0.7%, supported by retail which rose 3.2%,” he said in a statement on the volume index. wholesale and retail trade for the first quarter of 2022 with 2015 as the reference year. .

The year-over-year expansion in the motor vehicle volume index was mainly driven by sales of motor vehicle parts and accessories, as well as motor vehicle maintenance and repair , which recorded positive growth of 18.5 percent and 16.5 percent, respectively, followed by motor vehicle sales of 9.1 percent, according to the report.

Mohd Uzir said that sales, maintenance and repair of motorcycles, however, fell by 14.1%.

On a quarterly basis, the motor vehicle volume index fell 0.9 percent from the previous quarter, the statement said.

The statement said the 5.1% increase in the retail volume index was attributed to non-store retail sales, 26.3%, followed by non-specialized retail (11.1% ), automotive fuel retail sales in specialty stores (11.0%) and food, beverage and tobacco sales, 6.6%.

The retail volume index rose 3.2% from the previous quarter.

At the same time, in the area of ​​wholesale trade, the volume index registered a positive growth of 1.2% in the first quarter of 2022 compared to a year ago, led by agricultural raw materials and live animals, 8 .4%; food, beverages and tobacco, 4.6%; household goods 3.3 percent and machinery, equipment and supplies 2.7 percent.

On a quarterly comparison, the wholesale trade volume index fell 1.5 percent, the statement said.

Adjusted for seasonal variations, the wholesale and retail trade volume index increased by 5.2% compared to the last quarter of 2021.

“All sub-sectors recorded positive growth, namely retail by 5.9%, motor vehicles by 5.0% and wholesale by 2.8%,” he said. declared. – Bernama

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