WHOLESALE & RETAIL TRADE REGISTERED SALES VALUE OF RM66.9 BILLION,
DECLINED 36.6 PER CENT IN APRIL 2020
A total of RM66.9 billion was recorded by sales of Wholesale & Retail Trade in April 2020, a decrease of RM38.5 billion or -36.6 per cent as compared to the same month a year ago. The decline was caused by Retail Trade which dropped RM13.5 billion (-32.4%). Similarly, Motor Vehicles and Wholesale Trade also declined by RM11.5 billion (-93.2%) and RM13.5 billion (-27.2%) respectively.
For performance across sub-sector, in April 2020, sales of Motor Vehicles declined 93.2 per cent as compared with the same period of the previous year. Retail Trade and Wholesale Trade also declined to register -32.4 per cent and -26.3 per cent respectively.
Volume index of Wholesale & Retail Trade registered 74.6 points, contracted to -38.6 per cent as compared to the same month of the previous year. The negative growth was recorded in all subsectors, namely Wholesale Trade ( -27.5%), Retail Trade (-36.0%) and Motor Vehicles (-93.6%). As for seasonally adjusted volume index, it recorded -33.6 per cent as against a month ago.
The growth of -38.6 per cent (year-on-year) in the volume index of Wholesale & Retail Trade was driven by double-digit fall in Motor Vehicles with -93.6 per cent. This was followed by Retail Trade and Wholesale Trade with -36.0 per cent and -27.5 per cent.
Wholesale Trade generated sales value of RM37.7 billion in April 2020, down RM13.5 billion (-27.2%) as against the corresponding month of the previous year. Non-specialised Wholesale Trade and Other Specialised Wholesaleas recorded the biggest fall of 45.2 per cent and 39.4 per cent as against April 2019. For monthly comparison, sales of this sub-sector also registered a negative growth of 27.2 per cent.
Volume index of Wholesale Trade shrank 27.5 per cent to 88.5 points in April 2020 as compared to the same month of the preceding year. This was driven by the contraction in Non-specialised Wholesale Trade, Wholesale of Machinery, Equipment & Supplies and Other Specialised Wholesale. For monthly comparison, seasonally adjusted volume index of this sub-sector slipped 24.8 per cent.
Sales of Retail Trade registered a year-on-year growth of -32.5 per cent as compared to April 2019. Among the groups that contributed to the negative growth were Retail Sale of Other Goods in Specialised Stores, Retail Sale of Automotive Fuel in Specialised Stores, Retail Sale of Cultural & Recreation Goods in Specialised Stores and Retail Sale of Other Household Equipment in Specialised Stores.
Volume index of Retail Trade went down 36.0 per cent to 82.6 points in April 2020 as against the same month of previous year. Inline with the sales value, the decline was depicted in Retail Sale of Automotive Fuel in Specialised Stores and sales related to non-essential product namely Retail Sale of Other Goods in Specialised Stores and Retail Sale of Cultural & Recreation Goods. As for seasonally adjusted volume index, it decreased to -29.8 per cent as compared to March 2020.
Sales value of Motor Vehicles decreased 93.2 per cent as against the corresponding period of the previous year. The decline due to Sale of Motor Vehicles which registered -93.7 per cent. Compared to March 2020, sales value plummeted 92.2 per cent.
The volume index registered 6.3 points, decreased 93.6 per cent compared to a year ago. All groups under Motor Vehicles recorded a negative double digit growth led by Sale of Motor Vehicles with -93.9 per cent in April 2020. For monthly comparison, seasonally adjusted volume index slumped 26.1 per cent.
The full publication of the Performance of Wholesale & Retail Trade, April 2020 can be downloaded from eStatistik portal.
Data for April 2020 is provisional. The data will be updated based on the latest available figures and subsequently published in the performance of May 2020.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
11 June 2020
Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : yusrizal.razak[at]dosm.gov.my