Category: COVID19

PERFORMANCE OF WHOLESALE AND RETAIL TRADE, OCTOBER 2023

Malaysia’s Wholesale & Retail Trade recorded sales value of RM142.3 billion, grew 6.5 per cent in October 2023

Sales value of Wholesale & Retail Trade recorded RM142.3 billion in October 2023, registered a growth of 6.5 per cent year-on-year. The positive growth was contributed by all sub-sectors, namely Motor Vehicles 19.1 per cent, Wholesale Trade 5.7 per cent, and Retail Trade 3.9 per cent. Meanwhile, for month-on-month comparison, sales value decreased -0.3 per cent.

In terms of volume index, Wholesale & Retail Trade registered 4.5 per cent year-on-year to record 152.2 points. The increase was supported by Motor Vehicles 15.8 per cent and Wholesale Trade 4.7 per cent. As for seasonally adjusted volume index, it went down -2.2 per cent month-on-month in October 2023.

WHOLESALE TRADE

Wholesale Trade generated sales value of RM63.3 billion in October 2023 with a growth of 5.7 per cent as against October 2022. This increase was attributed to Wholesale of Agricultural Raw Materials & Live Animals 8.9 per cent, Other Specialised Wholesale 7.5 per cent,and Non-specialised Wholesale Trade 5.7 per cent. For monthly comparison, sales of this sub-sector decreased -1.4 per cent.

Volume index of Wholesale Trade registered 138.3 points, expanded 4.7 per cent   year-on-year. The positive growth was recorded in Wholesale of Agricultural Raw Materials & Live Animals (8.9%) and Other Specialised Wholesale (6.5%). Meanwhile, the seasonally adjusted volume index inched down -1.8 per cent month-on-month.

RETAIL TRADE

Sales of Retail Trade registered a growth of 3.9 per cent as compared to October 2022. Among the groups that contributed to this expansion were Retail Sale of Food, Beverages & Tobacco in Specialised Stores (10.8%), Retail Sale in Non-specialised Stores (6.1%), Retail Sale Via Stalls & Markets (5.2%), and Retail Sale of Automotive Fuel in Specialised Stores (4.8%). Compared with September 2023, sales of this sub-sector edge down -0.8 per cent.

Volume Index of Retail Trade recorded a growth of 2.3 per cent to 173.3 points as compared to October 2022. Among the groups that contributed to this growth were Retail Sale of Food, Beverages & Tobacco in Specialised Stores (8.5%), Retail Sale of Automotive Fuel in Specialised Stores (6.3%), Retail Sale in Non-specialised Stores (4.6%), and Retail Sale Via Stalls & Markets (3.2%). As for seasonally adjusted volume index, it decreased -1.8 per cent as against September 2023.

MOTOR VEHICLE

Sales value of Motor Vehicles sub-sector registered a positive growth of 19.1 per cent year-on-year. The increase was attributed to Sale of Motor Vehicles which surged 24.6 per cent in October 2023. On a monthly basis, sales of this sub-sector recorded a positive growth of 5.2 per cent.

The volume index of Motor Vehicles expanded 15.8 per cent year-on-year to reach 136.6 points. The increase was attributed to Sale of Motor Vehicles (24.0%). Seasonally adjusted volume index for this sub-sector increased 1.8 per cent month-on-month.

QUARTERLY VOLUME INDEX OF WHOLESALE AND RETAIL TRADE, FIRST QUARTER 2023

Volume Index of Wholesale & Retail Trade Malaysia grew 9.5 per cent in first quarter 2023 to register 147.4 points

In the first quarter of 2023, volume index of Wholesale & Retail Trade registered a growth of 9.5 per cent to reach 147.4 points as compared to the same quarter of the previous year. The positive quarterly growth was attributed to Retail Trade with 14.7 per cent, followed by Motor Vehicles and Wholesale Trade with 11.4 per cent and 3.5 per cent, respectively. Meanwhile, for quarter-on-quarter comparison, volume index rose 0.4 per cent in this quarter.

For seasonally adjusted volume index, Wholesale & Retail Trade increased  3.6 per cent as against the fourth quarter of 2022, supported by Motor Vehicles and Wholesale Trade sub-sectors of 7.2 per cent and 5.4 per cent, respectively.

WHOLESALE TRADE

Volume index of Wholesale Trade sub-sector expanded 3.5 per cent to 133.9 points as compared to the same quarter in 2022. This increment was attributed to Wholesale of Agricultural Raw Materials & Live Animals with 11.4 per cent, followed by Wholesale of Household Goods and Wholesale of Food, Beverages & Tobacco with 10.3 per cent and 9.1 per cent, respectively.

For quarterly growth, volume index of Wholesale Trade inched up 1.1 per cent.
As for seasonally adjusted volume index, Wholesale Trade went up 5.4 per cent as compared to the previous quarter.

RETAIL TRADE

For the first quarter of 2023, Retail Trade recorded a positive growth of 14.7 per cent to 168.8 points as against the same quarter of the previous year. The growth was attributed to Retail Sale of Automotive Fuel in Specialised Stores (40.0%), Retail Sale of Other Goods in Specialised Stores (22.9%), and Retail Sale in Non-specialised Stores (18.8%). Conversely, for quarter-on-quarter comparison, volume index of this sub-sector declined –0.8 per cent.

Within the same period, seasonally adjusted volume index of Retail Trade almost unchanged as compared to the previous quarter (QoQ: 0.0%).

MOTOR VEHICLES

Volume index of Motor Vehicles registered a positive growth of 11.4 per cent year-on-year. This positive momentum was attributed to Sale of Motor Vehicles of 13.7 per cent, followed by Sale of Motor Vehicle Parts & Accessories and Maintenance & Repair of Motor Vehicles with 12.4 per cent and 12.3 per cent, respectively. For performance of this sub-sector as against the
previous quarter, it increased 3.2 per cent.

In terms of seasonally adjusted volume index, Motor Vehicles sub-sector went up 7.2 per cent as compared to the previous quarter.

Contribution of Inbound and Domestic Tourism Expenditure to Wholesale & Retail Trade in Malaysia

Key Facts

  • Wholesale & Retail Trade sector accounted for almost 17.0% of GDP in 2020 and employed about 2.6 million workers in 2020.
  • Sales value of Wholesale & Retail Trade recorded RM1,248.5 billion in 2020 to register the lowest growth in time series record of -5.9 per cent year-on-year.
  • Malaysia recorded only 4.3 million tourist arrivals in 2020, compared to 26.1 million tourists in 2019.
  • Total inbound tourism expenditure was RM89.4 billion while domestic tourism expenditure recorded RM92.6 billion, together totalling RM182.0b of internal tourism consumption in 2019.
  • Shopping and automotive fuel were two products of tourism expenditure which contributed to the sales of Wholesale & Retail Trade sector. Both contributed RM84.7 billion or 6.4% of total Wholesale & Retail Trade sales and 15.8% of total retail trade sub-sector sales in 2019.
  • Shopping and automotive fuel contributed RM30.2 billion or 33.8% of total inbound tourism expenditure and accounted for 2.3% of total WRT sales and 5.6% of total retail trade sub-sector sales in 2019.

Link for full article: https://www.linkedin.com/pulse/contribution-inbound-domestic-tourism-expenditure-retail-ridzuan/?trackingId=Q2jfMIMCrhwSbvODctI0Lw%3D%3D 







	


	







	

		
		
TAHUKAH ANDA?
	


	
	
	

		

Impak Perintah Kawalan Pergerakan (PKP) Terhadap Subsektor Penyelenggaraan & Pembaikan Kenderaan Bermotor Malaysia





Dalam tempoh PKP bermula 18 Mac hingga 28 April 2020, DOSM menjangkakan
subsektor Penyelenggaraan dan Pembaikan Kenderaan Bermotor menjana nilai
jualan sebanyak RM0.19 bilion iaitu merosot 86.9 peratus berbanding tanpa PKP.

























	


	





	

		
		
COVID-19: IMPACT ON TOURISM INDUSTRY
	


	
	
	

		

Covid-19 has and will continue to have a significant impact on many industries. The travel industry is no exception, and in fact, maybe the hardest hit. Due to the severity of the Covid-19 pandemic, the government has implemented the Movement Control Order (MCO) on 18 March 2020 as a preventive measure to curb the spreading of the virus. The Malaysian government has declared that hotels could no longer accept guests, while non-essential service such as spas would have to be closed throughout the period.





At the same time, many countries started to implement travel restriction to Malaysia, which resulted a loss of RM68 mil in revenue with 170,085 room bookings cancelled, according to the Malaysia Association of Hotels (MAH). While the cancellations of hotel were mainly from the China market, there were also reports of cancellations from the domestic market, Singapore, Hong Kong, Taiwan, Vietnam and Europe. Meanwhile, South Korean cancellations increased after its government issued an advisory against travelling to Malaysia. 





According to MAH, as of now, 2,041 employees of the industry had been laid off due to economic pressures and the extended MCO, while 9,773 were given unpaid leaves and another 5,054 had taken pay cuts.






Sources by MAH R&D Occupancy Survey, click here.





Painting a dismal outlook for the sector, the MAH is projecting a revenue loss of RM560.72 mil during the MCO period, with occupancy rates projected to fall to a dismal 11% from 32% during the middle of last month.










OECD outlook on Covid-19 Pandemic





OECD Secretary General Angel Gurría, in preparation for the G20 Virtual Summit, unveiled the latest OECD estimates showing that the lockdown will directly affect sectors amounting to up to one third of GDP in the major economies. For each month of containment, there will be a loss of 2 percentage points in annual GDP growth. The tourism sector alone faces an output decrease as high as 70%. Many economies will fall into recession. This is unavoidable, as we need to continue fighting the pandemic, while at the same time increasing efforts to be able to restore economic normality as fast as possible. For more information on “New OECD outlook on the global economy” click here.





UNWTO outlook on Covid-19 Pandemic





UNWTO estimated a global impact from Covid-19:





  • – 290 to 440 million International Tourist Arrivals
  • 5 to 7 years lost in number of tourists
  • – 300 to 450 US$ bn Tourism Exports (receipts)
  • 1/3 of 1.5 US$ trillion lost in Tourism Exports





























For more information on “Impact assessment of the Covid-19 outbreak on international tourism” click here

	


	





	

		
		
SURVEI KHAS: KESAN CORONAVIRUS DISEASE (COVID-19) KEPADA EKONOMI & INDIVIDU
	


	
	
	

		

Jabatan Perangkaan Malaysia (DOSM) sedang menjalankan Survei Khas ‘Kesan Coronavirus Disease (COVID-19) kepada Ekonomi dan Individu’-Pusingan 1.










Kerjasama tuan/puan amat diperlukan untuk melengkapkan survei ini menerusi capaian : https://bit.ly/SurveiCOVID19DOSM atau melalui imbasan kod QR yang disediakan.





Sama-sama kita membantu negara menangani krisis COVID-19.





#StayAtHome





#PrayForMalaysiaAndAll





#StatsMalaysia

	


	



		

	



	

		


		
	










	

		

	

	

	

		
		

		
		



		
	


			
		
		
	
				
	








	
	
	 


		 	
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