Nation’s wholesale and retail trade surges 10.1% to RM168.5 billion
MALAYSIA’S wholesale and retail trade recorded double-digit growth in June, with sales rising 10.1 per cent year-on-year to RM168.5 billion as all three major subsectors expanded, according to the Department of Statistics Malaysia (DOSM). The RM15.5 ...
Malaysia's wholesale and retail trade experienced double-digit growth in June, with sales increasing 10.1% year-on-year to RM168.5 billion, according to the Department of Statistics Malaysia (DOSM). Wholesale trade was the primary driver of this growth, expanding by 12.4% to RM76.8 billion, while motor vehicle sales posted the strongest expansion at 14.9%, reaching RM19.7 billion.
Retail trade also saw a 6.6% increase, reaching RM72 billion. The surge in wholesale trade sales was largely driven by a 12.4% rise in wholesale trade, while motor vehicle sales saw a 14.9% increase. Retail sales climbed by 6.6%.
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