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Volume Index of Wholesale & Retail Trade Malaysia rose 4.2 per cent in fourth quarter 2023 to register 153.1 points

In fourth quarter of 2023, volume index of Wholesale & Retail Trade registered a growth of 4.2 per cent to reach 153.1 points as compared to the same quarter of the previous year. The positive quarterly growth was attributed to  Motor Vehicles with 9.8 per cent, followed by Wholesale Trade and Retail Trade with 4.6 per cent and 2.9 per cent, respectively. Meanwhile, for quarter-on-quarter comparison, volume index rose 0.8 per cent in this quarter.

For seasonally adjusted volume index, Wholesale & Retail Trade declined -2.6 per cent as against the third quarter of 2023, dragged down by all sub-sectors namely, Motor Vehicles (-8.2%), Wholesale Trade (-3.6%), and Retail Trade (-1.4%), respectively.

WHOLESALE TRADE

Volume index of Wholesale Trade sub-sector expanded 4.6 per cent to 138.6 points as compared to the same quarter in 2022. This increase was attributed to Wholesale of Agricultural Raw Materials & Live Animals with 8.4 per cent. It was followed by Other Specialised Wholesale  (7.7%),  Wholesale of  Household  Goods (3.3%), Non-specialized Wholesale Trade (2.7%), Wholesale of Machinery, Equipment & Supplies (2.4%), and Wholesale on a Fee or Contract Basis (2.2%). However, for quarterly growth, volume index of Wholesale Trade inched down -0.8 per cent.

As for seasonally adjusted volume index, Wholesale Trade decrease -3.6 per cent as compared to the previous quarter.

RETAIL TRADE

In the fourth quarter of 2023, Retail Trade recorded a positive growth of 2.9 per cent to 175.1 points as against the same quarter of the previous year. The growth was attributed to Retail Sales of Food, Beverages & Tobacco (8.4%), Retail Sales in Non-Specialised Stores (5.0%), Retail Sales of Automotive Fuel (4.4%), Retail Sales via Stalls & Markets (4.2%), and Retail Sales in Household Goods (3.6%). For quarter-on-quarter comparison, volume index of this sub-sector went up 1.5 per cent.

Within  the  same  period,  seasonally  adjusted  volume  index  of  Retail  Trade  declined -1.4 per cent as compared to the previous quarter.

MOTOR VEHICLES

Volume index of Motor Vehicles registered a positive growth of 9.8 per cent year-on-year. This positive momentum was attributed to Sales of Motor Vehicle with 13.1 per cent, followed by Sales of Motor Vehicle Parts & Accessories and Maintenance & Repair of Motor Vehicles with 12.1 per cent and 10.3 per cent, respectively. For performance of this sub-sector as against the previous quarter, it increased 3.7 per cent.

In terms of seasonally adjusted volume index, Motor Vehicles sub-sector shrank -8.2 per cent as compared to the previous quarter.

Malaysia’s Wholesale & Retail Trade recorded sales value of RM143.9 billion, grew 4.8 per cent in December 2023

Sales value of Wholesale & Retail Trade recorded RM143.9 billion in December 2023, grew 4.8 per cent year-on-year. The positive growth was contributed by all sub-sectors, namely Motor Vehicles 5.9 per cent, Retail Trade 5.0 per cent,and Wholesale Trade 4.4 per cent. Meanwhile, for month-on-month comparison, sales value increased 1.0 per cent.

In terms of volume index, Wholesale & Retail Trade registered a growth of 3.4 per cent year-on-year to record 154.3 points. The increase was supported by Motor Vehicles 3.9 per cent, Retail Trade 3.6 per cent, and Wholesale Trade 3.4 per cent. As for seasonally adjusted volume index, it went down -1.4 per cent month-on-month in December 2023.

WHOLESALE TRADE

Wholesale Trade generated sales value of RM62.9 billion in December 2023 with a growth of 4.4 per cent as against December 2022. This increase was attributed to Other Specialised Wholesale 6.2 per cent, Wholesale of Agricultural Raw Materials & Live Animals 5.4 per cent, and Wholesale of Household Goods 5.3 per cent. For monthly comparison, sales of this sub-sector decreased-0.4 per cent.

Volume index of Wholesale Trade registered 138.4 points, expanded 3.4 per cent   year-on-year. The positive growth was recorded in Other Specialised Wholesale (6.7%) and Wholesale of Agricultural Raw Materials & Live Animals (6.5%). Meanwhile, the seasonally adjusted volume index inched down -1.9 per cent month-on-month.

RETAIL TRADE

Sales of Retail Trade registered a growth of 5.0 per cent as compared to December 2022. Among the groups that contributed to this expansion were Retail Sale of Food, Beverages & Tobacco in Specialised Stores (9.9%), Retail Sale Via Stalls & Markets (6.6%), Retail Sale in Non-specialised Stores (6.3%), Retail Sale of   Other Household Equipment in Specialised Stores (5.9%), and Retail Sale of Other Goods in Specialised Stores (5.8%). Compared with November 2023, sales of this sub-sector increased 1.8 per cent.

Volume Index of Retail Trade grew 3.6 per cent to 177.6 points as compared to December 2022. Among the groups that contributed to this growth were  Retail Sale of Food, Beverages & Tobacco in Specialised Stores (8.1%), Retail Sale of Other Household Equipment in Specialised Stores (5.9%), Retail Sale in Non-specialised Stores (5.1%), and Retail Sale Via Stalls & Markets (5.1%). As for seasonally adjusted volume index, it decreased -0.5 per cent as against November 2023.

MOTOR VEHICLE

Sales value of Motor Vehicles sub-sector registered a positive growth of 5.9 per cent year-on-year. The increase was attributed to Maintenance & Repair of Motor Vehicles 12.3 per cent and Sale of Motor Vehicles Parts & Accessories 10.9 per cent in December 2023. On a monthly basis, sales of this sub-sector recorded a positive growth of 2.7 per cent.

The volume index of Motor Vehicles expanded 3.9 per cent year-on-year to reach    138.2 points. The increase was attributed to Sale of Motor Vehicles Parts & Accessories (9.5%), Maintenance & Repair of Motor Vehicles (7.2%), and Sale of Motor Vehicles (4.1%). However, seasonally adjusted volume index for this sub-sector decreased -4.6 per cent month-on-month.