MALAYSIA'S WHOLESALE & RETAIL TRADE MONTHLY SALES SET NEW RECORD OF RM123.8 BILLION IN MARCH, ROSE 9.8 PER CENT
Sales value of Wholesale & Retail Trade recorded RM123.8 billion in March 2022, registered a growth of 9.8 per cent year-on-year. The positive growth was contributed by all sub-sectors, namely Motor Vehicles 11.1 per cent, Retail Trade 10.8 per cent, and Wholesale Trade 8.6 per cent.
In terms of volume index, Wholesale & Retail Trade registered a growth of 4.8 per cent year-on-year to record 136.9 points. The increment was supported by the increase of Retail Trade 7.3 per cent, Motor Vehicles 6.5 per cent and Wholesale Trade 1.2 per cent. As for seasonally adjusted volume index, it went up 0.5 per cent month-on-month in March 2022.
Wholesale Trade generated sales value of RM57.2 billion in March 2022 with a growth of 8.6 per cent as against March 2021. This increase was attributed to Wholesale of Agricultural Raw Materials & Live Animals 18.2 per cent, Wholesale of Food, Beverages & Tobacco 9.4 per cent and Wholesale of Household Goods 9.0 per cent as compared to the previous year. For monthly comparison, sales of this sub-sector rose 2.5 per cent.
Volume index of Wholesale Trade registered 127.8 points, expanded 1.2 per cent year-on-year. The positive growth was recorded in Wholesale of Household Goods (6.6%), Wholesale of Agricultural Raw Materials & Live Animals 4.8 per cent, Wholesale of Machinery, Equipment & Supplies (4.3%), and Wholesale of Food, Beverages & Tobacco (2.3%). Meanwhile, the seasonally adjusted volume index decreased -0.9 per cent month-on-month.
Sales of Retail Trade registered a growth of 10.8 per cent as compared to March 2021. Among the groups that contributed to this expansion were Retail Trade Not in Stores, Stalls or Markets (26.5%), Retail Sale in Non-specialised Stores (16.2%), Retail Sale Via Stalls & Markets (11.8%), and Retail Sale of Cultural & Recreation Goods in Specialised Stores (11.4%). Compared with February 2022, sales of this sub-sector went up 2.2 per cent.
Volume Index of Retail Trade recorded a growth of 7.3 per cent to 148.2 points as compared to March 2021. Among the groups that contributed to this growth were Retail Trade Not in Stores, Stalls or Markets (24.3%), Retail Sale in Non-specialised Stores (14.0%), Retail Sale of Cultural & Recreation Goods in Specialised Stores (9.3%), and Retail Sale of Food, Beverages & Tobacco in Specialised Stores (7.4%). As for seasonally adjusted volume index, it rose 1.5 per cent as against February 2022.
Sales value of Motor Vehicles sub-sector registered a positive growth of 11.1 per cent year-on-year. The increase was attributed to Maintenance & Repair of Motor Vehicles 26.9 per cent and Sale of Motor Vehicles Parts & Accessories 22.5 per cent in March 2022. On a monthly basis, sales of this sub-sector elavated 33.9 per cent.
The volume index of Motor Vehicles increased 6.5 per cent year-on-year to reach 132.4 points. The increase was attributed to Sale of Motor Vehicles Parts & Accessories (18.6%), Maintenance & Repair of Motor Vehicles (16.2%), and Sale of Motor Vehicles (10.3%). Seasonally adjusted volume index for this sub-sector increased 17.4 per cent month-on-month.
The full publication of the Performance of Wholesale & Retail Trade, March 2022 can be downloaded through eStatistik Portal.
For more details, please refer to the Department's portal: www.dosm.gov.my
Data for March 2022 is provisional. The data will be updated based on the latest available figures and subsequently published in the Performance of Wholesale & Retail Trade, April 2022.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
12 May 2022
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