Malaysian retail sales sets record in July
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Malaysian retail sales grew by 7.1 percent in July.
Combined with the wholesale trade, a new record high of RM112.5 billion (US$26.94 billion) turnover was set for the month.
According to Malaysia’s chief statistician Datuk Seri Dr Mohd Uzir Mahidin, the retail trade alone grew by 7.1 percent, that figure fuelled by a 10.5-per-cent growth in sales of food, beverages, and tobacco.
This was followed by retail sales of other goods in specialized stores and retail sales in non-specialised stores which registered 8.2 percent and 8.1 percent respectively.
For wholesale trade, sales value expanded 6.6 percent. However, sales of motor vehicles fell by 1.7 percent year on year.
Growth on a month-on-month basis in combined wholesale and retail sales rose by 0.2 percent, with the retail trade up by 1.1 percent and wholesale transactions down by 2.3 percent.
Questions & Answers
Q.What was the total turnover for wholesale and retail trade in Malaysia during July?
What was the total turnover for wholesale and retail trade in Malaysia during July?
The combined wholesale and retail trade turnover for July reached a new record high of RM112.5 billion, which is equivalent to US$26.94 billion for the month.
Q.Which retail sectors contributed most significantly to the sales growth in July?
Which retail sectors contributed most significantly to the sales growth in July?
Sales of food, beverages, and tobacco saw the highest growth at 10.5 percent. Retail sales of other goods in specialized stores and non-specialised stores also grew strongly at 8.2 percent and 8.1 percent respectively.
Q.Did all sectors experience growth in July, or were there any declines?
Did all sectors experience growth in July, or were there any declines?
While most sectors grew, sales of motor vehicles fell by 1.7 percent year on year. Also, wholesale transactions decreased by 2.3 percent on a month-on-month basis.
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