Department of statistics Malaysia revealed the volume index of wholesale & retail trade recorded a year-on-year growth of 3.9 percent to reach 134.7 points in Q1 2022. The sub-sectors of motor vehicles and Retail Trade both saw positive growth of 8.8 percent and 5.1 percent, respectively, followed by wholesale trade at 1.2 percent. Meanwhile, the volume index increased 0.7 percent in this quarter when compared to the previous quarter.
In comparison to the fourth quarter of 2021, the seasonally adjusted volume index of wholesale & retail trade increased by 5.2 percent. Retail trade, motor vehicles, and wholesale trade sub-sectors contributed 5.9 percent, 5.0 percent, and 2.8 percent, respectively, to the positive rise.
In the first quarter of 2022, the volume index for the wholesale trade sub-sector increased by 1.2 percent over the same quarter last year. Wholesale of agricultural raw materials and live animals contributed 8.4 percent to the increase, followed by wholesale of food, beverages, and tobacco at 4.6 percent. Meanwhile, wholesale trade volume index fell 1.5 percent.
Retail trade increased by 5.1 percent to 147.2 points in the first quarter of 2022, compared to the same quarter the previous year. Retail trade not in stores, stalls, or markets (26.3 percent), retail sale in non-specialised stores (11.1 percent), and retail sale of automotive fuel in specialised stores all contributed to the increase (11.0 percent). This sub-volume sector’s index increased by 3.2 percent as compared to the previous quarter.
In terms of the sales of motor vehicles, the volume index increased by 8.8 percent over the previous year. Sales of motor vehicle parts and accessories, as well as maintenance and repair of motor vehicles, both climbed by 18.5 percent and 16.5 percent, respectively, contributing to the positive trend. This sub-performance sector’s decreased by 0.9% as compared to the previous quarter.