In the month of August 2018, sales of Wholesale & Retail Trade sustained double-digit growth momentum to rise 10.7 per cent to RM107.9 billion. The expansion was attributed by Retail Trade (14.8%) and Motor Vehicles (10.6%).
Volume index of Wholesale & Retail Trade expanded 10.5 per cent to 174.4 points as compared to the same month a year ago. The increase was largely supported by Retail Trade (13.9%). For seasonally adjusted volume index, it posted an increase of 1.4 per cent over the preceding month
Sales of Wholesale Trade registered a growth of 7.4 per cent to RM50.9 billion as compared to the corresponding month of the previous year.Month-on-month, this sub-sector increased 3.6 per cent.
Volume index of Wholesale Trade grew 7.1 per cent to 181.5 points in August 2018 as compared to the same month of the preceding year. Month-on-month basis,seasonally adjusted volume index for this sub-sector expanded 2.2 per cent.
For reference month, sales of Retail Trade grew at a faster pace to record 14.8 per cent as compared to 13.3 per cent in previous month. The expansion was led by Sales in Specialised Stores, Sales in Non-Specialised Stores and Sales of Information & Communication Equipment in Specialised Stores. This was in line with consumers took advantage of the tax holiday. Month-on-month, sales of this sub-sector registered a positive growth of 0.1 per cent.
Volume index of Retail Trade recorded a growth of 13.9 per cent to register 180.3 points, the highest attained since March, 2015 (13.0%). As for seasonally adjusted index, it increased 1.4 per cent.
Sales of Motor Vehicles continued to record double-digit growth for three consecutive months by registering 10.6 per cent in August 2018 with sales value of RM13.5 billion. The expansion in the sales was mainly due to zero-rated implementation of Goods and Services Tax before the reintroduction of Sales and Services Tax on September 1, 2018.
Data for August 2018 is provisional. The data will be updated based on the latest available figures and subsequently published in the bulletin of September 2018.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
12 October 2018
Ho Mei Kei
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]dosm.gov.my