Malaysia’s wholesale and retail trade continued to record a sturdy growth of 15.2% to RM133.9 billion in October 2022, said the Department of Statistics Malaysia (DoSM).
In a statement today, Chief Statistician Datuk Seri Mohd Uzir Mahidin said the increase in October was attributed to retail trade sub – sector which rose RM12.0 billion or 26.0% to RM58.3 billion.
“Wholesale trade and motor vehicles also grew 7.3% (+RM4.1 billion) to RM59.9 billion and 11.2% (+RM1.6 billion) to RM15.7 billion, respectively,” he said.
For a month – on – month comparison, he said the sales value of wholesale and retail trade decreased -0.1%, contributed by motor vehicles and wholesale trade, at -3.5% and -0.3%, respectively.
On the performance across sub – sectors, he noted that the retail trade sub – sector’s growth of 26.0% in October 2022 was supported by retail sales in non – specialized stores which grew 25.7% or RM4.4 billion to RM21.6 billion.
“On a month – on – month comparison, sales of this sub – sector went up 1.1%, mainly contributed by the increase in retail sales in non – specialized stores, retail sales in specialized stores, and retail sales of automotive fuels at 1.4%, 2.1%, and 1.1%, respectively,” he said.
Commenting on wholesale trade sub – sector, Mohd Uzir pointed out that the increase of 7.3% was mainly attributed to other specialized wholesale which grew 3.1% to RM22.7 billion.
However, he said for a month – on – month comparison, sales of this sub – sector decreased 0.3% which was mainly contributed by other specialized wholesale which contracted 1.8%.
He also said the 11.2% growth in motor vehicles sub – sector in October was spearheaded by sales of motor vehicle parts and accessories at 49.2%, or an increase of RM1.3 billion, to RM4.0 billion.
“This was followed by maintenance and repair of motor vehicles which rose 62.4% or RM0.8 billion to RM2.1 billion, while for monthly comparison, sales of this sub – sector dropped 3.5%, caused by sales of motor vehicles which fell 5.9%,” he said.
He noted that index of retail sale over the Internet in October 2022 recorded a 17.3% growth year – on – year, and for seasonally adjusted value index, it increased 2.6% as against the previous month.
- The Sun Daily
