GE15 NEWS   Tuan Ibrahim is opposition leader in Pahang State Assembly | 
BUSINESS

Wholesale, retail trade rises 41 pct in July 2022 -- DoSM

12/09/2022 02:01 PM

KUALA LUMPUR, Sept 12 (Bernama) -- Malaysia’s wholesale and retail trade value hit RM130.7 billion in July 2022, registering 41 per cent growth year-on-year (y-o-y) due to an increase in the retail trade sub-sector, said the Department of Statistics Malaysia (DOSM). 

Chief statistician Datuk Seri Mohd Uzir Mahidin said the retail trade sub-sector rose RM15.4 billion, or 37.5 per cent, to RM56.6 billion.

“Motor vehicles expanded 613.8 per cent, or RM12.4 billion, to RM14.4 billion,” he said in a statement today. 

Within the same period, he said wholesale trade surged 20.6 per cent, or RM10.2 billion, to RM59.7 billion, however,  on a  month-on-month (m-o-m) comparison, the sales value decreased 1.6 per cent, contributed by the motor vehicles sub-sector which sank 10.5 per cent.

On the performance across sub-sectors, he pointed out that the retail trade sub-sector growth of 37.5 per cent in July 2022 was supported by retail sales in non-specialised stores, which grew 39.1 per cent, or RM5.9 billion, to RM20.8 billion.

“Likewise, other groups in this sub-sector also recorded positive growth namely retail sales in specialised stores (47.1 per cent), retail sales of automotive fuels (73.7 per cent), and retail sales of household goods (28.8 per cent),” he said.

Mohd Uzir said the 613.8 per cent growth in the motor vehicles sub-sector this month was lifted by sales of motor vehicles by 431.5 per cent, or RM5.7 billion, to RM7.0 billion, followed by sales of motor vehicle parts and accessories; maintenance and repair of motor vehicles; as well as sales, maintenance and repair of motorcycles.

“Increase in wholesale trade sub-sector with 20.6 per cent was mainly attributed to other specialised wholesale (22.0 per cent),” he said. 

He noted that among the groups that contributed to this growth were wholesale of household goods (35.0 per cent); wholesale of agricultural raw materials and live animals (17.8 per cent); wholesale of machinery, equipment and supplies (20.0 per cent); and wholesale of food, beverages and tobacco (7.2 per cent).

In terms of volume index, Mohd Uzir said wholesale and retail trade registered y-o-y growth of 33.7 per cent, contributed by motor vehicles and retail trade which increased by 681.6 per cent and 31.6 per cent, respectively. Similarly, wholesale trade also recorded a positive growth of 10.8 per cent.

However, on a seasonally adjusted basis, the volume index went down 1.4 per cent month on month.

— BERNAMA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy