Wholesale and retail trade sales up 15.2% in April

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KUALA LUMPUR: Malaysia’s wholesale and retail sales increased by 15.2% year-on-year (year-on-year) to RM128 billion in April 2022, according to the Statistics Department.

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% for save RM53.6 billion.

“Wholesale also increased by 11.5% or RM6.1bil to RM59bil. Over the same period, motor vehicles jumped 11.3% or RM1.6bil to RM15.4bil.

“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. he said in a statement.

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 increased by 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. — Bernama

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