Overview

WHOLESALE   &   RETAIL   TRADE   MALAYSIA   DECLINED  14.7   PER   CENT   TO   RM92.7   BILLION   IN  JULY  2021,  SECOND  CONSECUTIVE  MONTH  OF  DOUBLE-DIGIT NEGATIVE GROWTH THIS YEAR

HIGHLIGHTS

Sales     value     of     Wholesale     &     Retail     Trade     recorded     RM92.7   billion    in    July    2021,      registered    a    negative    growth    of   -14.7 per cent year-on-year. The   fall   was   contributed   by   all   sub-sectors   with   Motor   Vehicles  -85.4 per cent,  Retail Trade  -8.1  per   cent   and   Wholesale   Trade    -1.1 per cent.

In   terms   of   volume   index,   Wholesale   &   Retail   Trade   registered  a  negative  growth  of  -16.7  per  cent  year-on-year  to  record  106.5  points.  The    main   sub-sector   that   contributed   to   the   fall   was   Motor   Vehicles   with   a   decrease   of   -88.2 per cent. Retail   Trade   and    Wholesale   Trade  also recorded  a  negative  growth  to  register  -8.9  per  cent  and   -4.0 per cent, respectively. However, seasonally adjusted volume  index went up   1.0 per cent month-on-month in July 2021.

Wholesale Trade

Wholesale Trade generated sales value of RM49.5 billion in July 2021 with a negative growth of  -1.1 per cent as against July 2020. This  decrease  was  attributed  to  Wholesale  on  a  Fee  or  Contract  Basis  -22.1 per cent, Wholesale of Household Goods  -12.1 per cent, Wholesale of Machinery, Equipment & Supplies  -10.4 per cent and Non-specialised Wholesale Trade  -1.2 per cent as compared to the previous year. For monthly comparison, sales of this sub-sector contracted  2.4 per cent.

Volume index of Wholesale Trade registered  116.6 points, contracted  -4.0 per cent year-on-year. The negative growth was recorded in Wholesale on a Fee or Contract Basis (-21.6%), Wholesale of Machinery, Equipment & Supplies (-9.8%), Wholesale  of  Household  Goods (-8.7%)  and  Non-specialised  Wholesale  Trade  (-4.8%). On    the    other    hand,    seasonally    adjusted    volume    index    edged    up  0.1 per cent month-on-month.

Retail Trade 

Sales of Retail Trade registered a negative growth of  -8.1 per cent as compared to July 2020. Among groups that contributed to this decline were Retail Sale of Automotive Fuel in Specialised Stores (-14.1%), Retail Sale of Other Goods in Specialised Stores (-11.1%) and Retail Sale in Non-specialised Stores (-10.8%). Contrarily, sales of this sub-sector went up  1.4 per cent as compared with June 2021.

Volume Index of Retail Trade recorded a negative growth of  -8.9 per cent  to  126.5 points as compared to July 2020. Among the groups that contributed to this growth were Retail Sale of Automotive Fuel in Specialised Stores (-18.0%), Retail Sale of Other Goods in Specialised Stores (-13.7%) and Retail Sale in Non-specialised Stores (-10.1%). Conversely, seasonally adjusted volume index increased  1.1 per cent as against June 2021.

Motor Vehicles

Sales value of Motor Vehicles sub-sector registered a negative growth of  -85.4 per cent year-on-year. This  decrease  was  attributed  to  Maintenance  &  Repair  of  Motor  Vehicles  which  registered  a  growth  of  -88.7 per cent, Sale of Motor Vehicles Parts & Accessories  -87.4 per cent and Sale, Maintenance & Repair of Motorcycles  -86.9 per cent. However, sales of this  sub-sector  increased  118.6 per cent month-on-month.

The   volume   index   of   Motor   Vehicles   slipped  -88.2  per  cent   year-on-year   to   reach  13.8 points.  The    decline    was    attributed    to    Sale,    Maintenance    &    Repair    of    Motorcycle  (-93.5%),   Maintenance    &   Repair    of    Motor    Vehicles   (-89.2%)   and   Sale  of  Motor  Vehicles   Parts  &    Accessories   (-88.3%). On   the   other   hand,   seasonally   adjusted   volume   index   for   this   sub-sector   expanded   67.1  per  cent  month-on-month.

The full publication of the Performance of Wholesale & Retail Trade, July 2021 can be downloaded from  eStatistik portal.

 Note.

Data for July 2021 is provisional. The data will be updated based on the latest available figures and subsequently published in the Performance of Wholesale & Retail Trade, August 2021.

Released by:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
 DrUzir_Mahidin      dr_uzir

10 September 2021
 

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