WHOLESALE & RETAIL TRADE MALAYSIA RECORDS RM110.5 BILLION
IN OCTOBER 2020
Sales value of Wholesale & Retail Trade recorded RM110.5 billion in October 2020 to register -0.8 per cent year-on-year. This was due to Retail Trade which contracted 1.5 per cent (-RM0.7 billion). Similarly, Wholesale Trade also recorded a decrease of 0.9 per cent (-RM0.5 billion). On the other hand, Motor Vehicles continued a positive growth of 2.2 per cent or an increase of RM0.3 billion.
In October 2020, volume index of Wholesale & Retail Trade registered a growth of -1.4 per cent year-on-year to record 130.3 points. The fall was due to Retail Trade and Wholesale Trade which decreased 2.8 per cent and 0.8 per cent respectively. In contrast, Motor Vehicles recorded a positive growth to register 1.7 per cent. In terms of seasonally adjusted volume index, it went down 1.4 per cent month-on-month.
Wholesale Trade generated sales value of RM53.4 billion in October 2020, a decrease of RM0.5 billion (-0.9%) as against October 2019. Other Specialised Wholesale and Wholesale on a Fee or Contract Basis recorded a fall of 6.1 per cent and 3.6 per cent respectively as compared to the previous year. For monthly comparison, sales of this sub-sector rose 1.7 per cent.
Volume index of Wholesale Trade registered 133.5 points, contracted 0.8 per cent year-on-year. The negative growth was recorded in Other Specialised Wholesale (-5.5%) and Wholesale on a Fee or Contract Basis (-3.5%). As for seasonally adjusted volume index, it increased 2.2 per cent month-on-month.
Sales of Retail Trade registered a negative growth of 1.5 per cent as compared to October 2019. Among groups that contributed to this decrement were Retail Sale of Automotive Fuel in Specialised Stores (-9.6%), Retail Sale of Other Goods in Specialised Stores (-7.4%) and Retail Sale of Cultural & Recreation Goods in Specialised Stores (-4.6%). Compared with September 2020, sales of this sub-sector decreased 1.4 per cent.
Volume Index of Retail Trade recorded -2.8 per cent growth to 135.6 points as compared to October 2019. Among the groups that contributed to this growth were Retail Sale of Other Goods in Specialised Stores (-8.4%), Retail Sale of Automotive Fuel in Specialised Stores (-8.3%) and Retail Sale of Cultural & Recreation Goods in Specialised Stores (-4.8%). As for seasonally adjusted volume index, it edged down 3.6 per cent as against September 2020.
Sales value of Motor Vehicles sub-sector registered year-on-year growth of 2.2 per cent. This increase was attributed to Sale of Motor Vehicles which registered a growth of 6.4 per cent and Sale, Maintenance & Repair of Motorcycle 4.7 per cent. For monthly comparison, sales of this sub-sector decreased 5.8 per cent.
The volume index of Motor Vehicles grew 1.7 per cent year-on-year to reach 105.4 points. The increment was contributed by Sale of Motor Vehicles (9.2%) and Sale, Maintenance & Repair of Motorcycles (1.3%). Seasonally adjusted volume index for this sub-sector declined 8.7 per cent month-on-month.
The full publication of the Performance of Wholesale & Retail Trade, October 2020 can be downloaded from eStatistik portal.
Data for October 2020 is provisional. The data will be updated based on the latest available figures and subsequently published in the Performance of Wholesale & Retail Trade, November 2020.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
10 December 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