KUALA LUMPUR (Jan 11): Malaysia’s wholesale and retail trade recorded a sales value of RM142.6 billion, up 6.2% year-on-year (y-o-y), in November 2023, said the Department of Statistics Malaysia (DOSM).
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement on Thursday that the increase was driven by the wholesale trade sub-sector, which rose 6.2% or RM3.7 billion to RM63.2 billion.
“Retail trade also expanded 4.4% or RM2.6 billion to RM61.3 billion, followed by motor vehicles, with a double-digit growth of 12.7% or RM2 billion to settle at RM18.1 billion,” he said.
He said that for monthly comparison, the marginal increase of 0.2% from the previous month was contributed by retail trade, which went up 1.2%.
“However, the motor vehicles sub-sector recorded negative growth of 1.6%, [followed by] the wholesale trade sub-sector (-0.2%),” he said.
Looking at the performance across sub-sectors, Mohd Uzir said the growth of 6.2% y-o-y in wholesale trade was contributed by other specialised wholesale, which grew RM2.1 billion or 9.3% to RM24.2 billion.
“This was followed by wholesale of household goods (5.2%), wholesale of agricultural raw materials and live animals (9.5%), wholesale of food, beverages and tobacco (2.3%), wholesale of machinery, equipment and supplies (2.6%), non-specialised wholesale trade (3.3%), and wholesale on a fee or contract basis (4.1%).
“Conversely, for monthly comparison, wholesale trade inched down 0.2%, mainly due to other specialised wholesale (-1.1%), wholesale of household goods (-1.5%), and wholesale of agricultural raw materials and live animals (-1.1%),” he said.
For the retail trade sub-sector, the increase of 4.4% y-o-y was supported by retail sales in non-specialised stores, which grew 6.5% or RM1.4 billion to RM23.4 billion.
Mohd Uzir further said the y-o-y growth of 12.7% in the motor vehicles sub-sector in November was fuelled by sales of motor vehicles, which surged 13.5% or RM1.2 billion to record RM10 billion, followed by motor vehicles parts and accessories sales (14.5%), and maintenance and repair of motor vehicles (16.3%).
In contrast, for monthly comparison, this sub-sector eased by 1.6%, due to sales of motor vehicles (-2.8%), and sales, maintenance and repair of motorcycles (-3.2%).
“The index of retail sales over the internet went down 1% y-o-y in November, compared with -0.3% a month before.
“For seasonally adjusted value, the index contracted 4.4% from the previous month,” he added.
Source: theedgemalaysia.com
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