Summary BERNAMA - Wholesale And Retail Trade Sales Rise 6.7 Pct To RM149 Bln In July 2024 www.bernama.com
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Wholesale and retail trade sales in Malaysia experienced a 6.7% increase to RM149 billion in July 2024, primarily driven by growth in the retail, wholesale, and motor vehicle sectors.
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Slide Presentation (12 slides)
Key Points
- Wholesale and retail trade sales in Malaysia rose 6.7% year-on-year to RM149 billion in July 2024
- Retail trade grew 6.4% to RM63.5 billion, while wholesale trade increased 5.5% to RM66.6 billion
- Motor vehicle sales increased 12.2% to RM19.0 billion
- Retail sales in non-specialised stores grew 7.7% to RM24.4 billion, and wholesale of machinery, equipment and supplies rose 10.2% to RM5.4 billion
- The index of retail sale over the Internet grew 5.7% year-on-year in July 2024
- The volume index for wholesale and retail trade registered a 5.5% year-on-year growth, contributed by all sub-sectors
- The government has declared October 20 as the National Statistics Day (MyStats Day) with the theme "Statistics is the Essence of Life"
Summaries
23 word summary
Wholesale and retail trade sales in Malaysia rose 6.7% to RM149 billion in July 2024, driven by retail, wholesale, and motor vehicle sectors.
51 word summary
Malaysia's wholesale and retail trade sales rose 6.7% to RM149 billion in July 2024. Retail trade grew 6.4%, led by non-specialised stores. Wholesale trade saw a 5.5% rise, driven by machinery and equipment sales. The motor vehicles subsector recorded a robust 12.2% growth. E-commerce also expanded, with a 5.7% year-on-year increase.
113 word summary
Malaysia's wholesale and retail trade sales rose 6.7% year-on-year to RM149 billion in July 2024, driven by strong performance across sectors. Retail trade grew 6.4%, led by a 7.7% increase in non-specialised store sales. Wholesale trade saw a 5.5% rise, supported by a 10.2% gain in machinery and equipment sales. The motor vehicles subsector recorded a robust 12.2% growth, fueled by a 14.0% surge in motor vehicle sales. The sector rebounded 2.1% month-on-month after a dip in June. The volume index grew 5.5%, with all subsectors contributing. E-commerce also expanded, with the retail sale over the Internet index rising 5.7% year-on-year. These trends reflect the resilience and dynamism of Malaysia's domestic trade activities.
341 word summary
Wholesale and Retail Trade Sales Rise 6.7% to RM149 Billion in July 2024
Malaysia's wholesale and retail trade sales rose 6.7% year-on-year (y-o-y) to RM149 billion in July 2024, according to the Department of Statistics Malaysia (DoSM). This growth was driven by strong performance across various sectors.
Retail Trade Expansion The retail trade sector grew 6.4% y-o-y to RM63.5 billion in July 2024. This was led by a 7.7% increase in retail sales in non-specialised stores, which reached RM24.4 billion.
Wholesale Trade Gains Wholesale trade also saw a 5.5% y-o-y increase, reaching RM66.6 billion. This was supported by a 10.2% rise in wholesale of machinery, equipment and supplies, which hit RM5.4 billion.
Motor Vehicle Sector Shines The motor vehicles subsector recorded a robust 12.2% y-o-y growth, reaching RM19.0 billion. This was driven by a 14.0% surge in sales of motor vehicles.
Month-on-Month Rebound On a month-on-month (m-o-m) basis, the wholesale and retail trade sector rebounded 2.1% in July 2024 after dipping 1.3% in June. This was buoyed by an 11.6% increase in motor vehicle sales.
Volume Index Growth In terms of the volume index, wholesale and retail trade registered a 5.5% y-o-y growth in July 2024. This was contributed by all subsectors: motor vehicles (10.8%), wholesale trade (5.2%), and retail trade (4.6%).
The seasonally adjusted volume index also increased 2.1% m-o-m.
E-commerce Expansion The index of retail sale over the Internet grew 5.7% y-o-y in July 2024, up from 4.8% in June. The seasonally adjusted value of this index rose 1.5% against the previous month.
National Statistics Day The Department of Statistics Malaysia noted that the government has declared October 20 of each year as the National Statistics Day (MyStats Day), with this year's theme being "Statistics is the Essence of Life."
In summary, Malaysia's wholesale and retail trade sector demonstrated robust growth in July 2024, with notable expansions in retail trade, wholesale trade, and the motor vehicles subsector. The e-commerce segment also continued to show positive momentum. These trends reflect the resilience and dynamism of the country's domestic trade activities.
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