Wholesale and retail trade up 7.7% in January 2022


KUALA LUMPUR: Malaysia’s wholesale and retail trade grew by 7.7% year-on-year to reach RM120.5 billion in January 2022.

The growth was attributed to the retail sub-sector, which recorded a positive growth of 7.3% to RM49 billion, the Department of Statistics (DoSM) said today.

In a statement released today, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said wholesale trade also grew by 5.7% year-on-year to RM58.6 billion, while passenger vehicles engine jumped 19.4% year-on-year to RM12.9 billion.

“However, on a monthly comparison (mom), the value of wholesale and retail trade fell 0.2%, due to the motor vehicle sub-sector which contracted 11.5%” , he added.

Mohd Uzir said growth in the retail subsector in January 2022 was supported by retail sales at non-specialty stores, which increased by 10.1% or RM1.7 billion to reach 18 RM.2 billion.

Similarly, other groups within the subsector also recorded positive growth, including retail sales of motor fuels (+19.5%), retail sales of housewares (+7.1%), retail sales of food, beverages and tobacco (+8.4%). percent) as well as retail sales of cultural and recreational goods (+5.0 percent).

He also noted that the Internet Retail Sales Index for January 2022 recorded a year-on-year growth of 20.5%.

In terms of volume, wholesale and retail trade for January 2022 recorded a year-on-year growth of 3.6%, attributed to the motor vehicle sub-sector which increased by 16.3%. – Bernama


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