Share
- The rise in the wholesale sector was driven by a 4.2% rise in other specialised wholesale.
KUALA LUMPUR (June 11): Malaysia’s wholesale and retail sales accelerated and grew 6.6% in April from a year earlier led by retail sales in non-specialised stores, official data on Tuesday showed.
Wholesale and retail trade totaled RM144.9 billion in April, the Department of Statistics Malaysia said in a statement. The pace of sales growth was faster than the 5.2% year-on-year increase in March. On a month-on-month basis, distributive trade declined 0.6% in April.
The retail sector rose 5.5% to RM63.8 billion and the wholesale segment expanded 4.8% to RM63.8 billion. Sales of motor vehicles meanwhile climbed 18.1% to RM17.3 billion in April.
The year-on-year growth in retail sales was mainly led by non-specialised stores which grew 5.2%. The rise in the wholesale sector was driven by a 4.2% rise in other specialised wholesale. The growth of the motor vehicle segment was fuelled by a 26.5% surge in sales of vehicles followed by parts and accessories.
On a month-on-month basis, retail sales was 1.5% higher though wholesale trade contracted 8.2% and the motor vehicle sector was down 0.4%.
Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!
TOP PICKS BY EDGEPROP
Seremban Putra Apartments
Seremban, Negeri Sembilan
Kipark Apartment ( KIP Villa Indah )
Tampoi, Johor
D'Summit Residences @ Kempas Utama
Johor Bahru, Johor
Senada Residences @ KLGCC
Mont Kiara, Kuala Lumpur
20trees Apartment
Taman Melawati, Kuala Lumpur
Damansara Heights (Bukit Damansara)
Damansara Heights, Kuala Lumpur
Villa Serene Kiara
Desa Sri Hartamas, Kuala Lumpur
Seksyen 52, Petaling Jaya
Petaling Jaya, Selangor
