KUALA LUMPUR (Nov 10): Malaysia’s wholesale and retail trade volume index fell 11.3% in the third quarter of 2021 (3Q21), the Malaysia Department of Statistics (DOSM) said.
Chief statistician Datuk Seri, Dr Mohd Uzir Mahidin, said the drop was attributed to the motor vehicle sub-sector, which fell 58.1%.
“It was followed by retail trade and wholesale trade which registered a decline of 6.7% and 3.1%, respectively. On a quarterly basis, the volume index fell for the third consecutive quarter for register at 3.7%, “he said in a statement today.
Regarding intersectoral performance, the volume index of motor vehicles which fell 58.1% over one year was mainly driven by sales, maintenance and repair of motorcycles which plunged 74.6%.
Mohd Uzir added that, in the same way, the maintenance and repair of motor vehicles, sales of motor vehicles and sales of motor vehicle parts and accessories also fell by 56.6%, 55, 6% and 55.4%, respectively.
For quarterly performance versus 2Q21, the motor vehicle volume index fell 32.2%.
Commenting further on the performance of the Retail Trade Volume Index, he pointed out that the 6.7% decline in this subsector was driven by retail sales in specialty stores, which recorded a decline of 12.6%.
“Next come retail sales of automotive fuels (-12%), retail sales of household goods (-8.9%), retail sales in general stores (-6.1%), retail information and communication equipment (-2.5%), and retail sales of cultural and leisure goods (-1.3%).
âMeanwhile, the retail volume index fell 1.6% from last quarter,â he said.
For the 3Q21, Mohd Uzir noted that the volume index of the wholesale trade sub-sector also registered a negative trend to register a contraction of 3.1% compared to the same quarter in 2020, attributed to the wholesale trade. fixed price or fixed price which fell by 21.2%. .
As for the seasonally adjusted volume index, wholesale and retail trade fell 7.5% compared to 2Q21. All the sub-sectors recorded negative growth, namely motor vehicles (38.2%), retail trade (6.2%) and wholesale trade (4.8%), he said. Explain.