BUSINESS

MALAYSIA'S WHOLESALE, RETAIL TRADE FOR AUGUST 2021 DOWN 10.2 PCT -- DOSM

12/10/2021 02:10 PM

KUALA LUMPUR, Oct 12 -- Malaysia’s wholesale and retail trade recorded a double-digit decline in sales value for the third consecutive month in August 2021 with a contraction of 10.2 per cent year-on-year (y-o-y) to RM100.0 million, said the Department of Statistics Malaysia (DoSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the motor vehicles sub-sector was impacted the most, with sales plunging 57.6 per cent (RM7.9 billion) to RM5.8 billion, while the retail trade fell 7.5 per cent (RM3.4 billion) to RM42.3 billion.

“This was followed by the wholesale trade, which edged down 0.1 per cent to RM51.9 billion,” said Mohd Uzir in a report on the wholesale and retail trade sector’s performance released today.

On a month-on-month (m-o-m) basis, Mohd Uzir said, the sector’s sales value grew 7.9 per cent in August 2021, driven by the resumption of 11 economic and distribution operations in Phase One and Phase Two states under the National Recovery Plan. 

Looking at the performance across sub-sectors, he said the motor vehicles sub-sector was dragged down by sales of motor vehicles, which slumped 60.9 per cent (RM4.8 billion) y-o-y to RM3.1 billion.

This was followed by the sale of motor vehicles parts and accessories, which shrank 47.2 per cent to RM1.7 billion.

Similarly, the sales value of the maintenance and repair of motor vehicles sub-sector also decreased by 48.6 per cent to RM0.9 billion while that of the sale, maintenance and repair of motorcycles sub-sector dropped 79.0 per cent to RM0.8 billion.

“On the other hand, for a m-o-m comparison, sales of (the wholesale trade) spiked 118.1 per cent, spearheaded by sales of motor vehicles which registered 135.5 per cent as showrooms and sales centres were allowed to operate in key states,” he added. 

On the 7.5 per cent contraction in retail trade, Mohd Uzir said it was attributed to a 14.8 per cent decline in the retail sale in specialised stores to RM8.1 billion while retail sale in non-specialised stores tumbled 8.1 per cent to RM15.4 billion.

He also noted that the index of retail sale over the Internet recorded a 13.8 per cent growth y-o-y compared to 9.4 per cent growth in July 2021.

“Seasonally adjusted, the index rose 1.7 per cent as against the previous month,” he said.

In terms of volume index, DoSM said wholesale and retail trade registered a y-o-y contraction of 12.2 per cent.

-- BERNAMA

 

 


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