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Malaysia's wholesale, retail trade grows 15.2 pct in October

  • Sun Online Desk
  • 9th December, 2022 08:36:51 PM
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Malaysia's wholesale, retail trade grows 15.2 pct in October

Malaysia's wholesale and retail trade sales grew 15.2 percent year-on-year to 133.9 billion ringgit (30.40 billion U.S. dollars) in October, official data showed on Friday, Xinhua reported.

The increase in October was attributed to the retail trade sub-sector, which rose 26 percent year-on-year to 58.3 billion ringgit (13.23 billion US dollars), the Department of Statistics Malaysia said in a statement.

Wholesale trade and motor vehicles also rose 7.3 percent and 11.2 percent year-on-year to 59.9 billion ringgit (13.60 billion US dollars) and 15.7 billion ringgit (3.56 billion US dollars) respectively.

For month-to-month comparison, the sales value of wholesale and retail trade fell 0.1 percent, dragged by motor vehicles (-3.5 percent) and wholesale trade (-0.3 percent).

In terms of volume index, wholesale and retail trade for October registered a year-on-year growth of 10.5 percent.

The expansion was underpinned by retail trade and motor vehicles, which increased by 22.3 percent and 3 percent, respectively.

Similarly, wholesale trade also recorded positive growth of 0.8 percent.