KUALA LUMPUR (April 11): Malaysia’s wholesale and retail sales increased by 8.5% year-on-year (year-on-year) to reach RM117.2 billion in February 2022 , according to the Department of Statistics Malaysia (DOSM).
However, on a month-to-month basis, the value of wholesale and retail trade fell 2.5% due to a 4.7% contraction in the wholesale trade subsector.
In a statement released Monday, April 11, Chief Statistician Datuk Seri Dr. Mohd Uzir Mahidin attributed the best performance to the retail subsector, which grew by 10.2% or RM4.5 billion to reach 48 RM.8 billion.
“Growth in the retail subsector was supported by retail sales at non-specialty stores, which increased by 15.9% or RM2.5 billion to reach RM18.3 billion.
“Similarly, other groups within this sub-sector also recorded positive growth, namely retail sales of automotive fuels (+18.1%), retail sales of household goods (+9.8% ) and retail sales in specialized stores (+5.6%)”. he said.
At the same time, retail sales of food, beverages and tobacco increased by 8.6%, retail sales of cultural and recreational goods improved by 5.7%, retail sales excluding stores, stalls or markets increased by 25.9% and retail sales in stalls and markets increased by 8.8%.
Wholesale trade also increased by 6.2% or RM3.3 billion to RM55.9 billion, with the growth attributed to other specialist wholesalers, which increased by 6% to RM22.3 billion. RM.
“This was followed by wholesale food, beverages and tobacco, which grew by 9.2% to RM10.9 billion,” said Mohd Uzir, adding that wholesale agricultural raw materials and live animals increased by 15.9% to RM4.7 billion.
He noted that the motor vehicle subsector grew by 12.5% or RM1.4 billion to reach RM12.5 billion in February 2022, driven by sales of motor vehicle parts and accessories, which increased by 27% to RM3.5 billion.
The expansion was also supported by growth in motor vehicle maintenance and repair (+27.3%), motor vehicle sales (+3.3%) and the sale, maintenance and repair of motorcycles (+5.1%).
Meanwhile, the Internet Retail Sales Index in February 2022 recorded 19.8% year-on-year growth.