Wholesale and retail sales in Malaysia increased by 15.2% to RM128 billion in April 2022

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KUALA LUMPUR: Malaysia’s wholesale and retail trade sales rose 15.2% year-on-year (yoy) to register RM128.0 billion in April 2022, according to 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 reach RM59.0 billion. During the same period, motor vehicles jumped by 11.3% or 1, 6 billion RM to reach 15.4 billion RM.

“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 today.

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

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

“The Internet Retail Sales Index for April 2022 recorded a year-on-year growth of 24.9% (March 2022: 17.0%). 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 10.0%.

“The expansion was helped by retail trade which increased by 16.6%.

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

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. Visit www.dosm.gov.my for more information. – Bernama

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