blue modern car closeup

Malaysia’s wholesale, retail trade recorded double-digit decline in July 2021 — DOSM

KUALA LUMPUR (Sept 10): Malaysia’s wholesale and retail trade recorded a double-digit decline for two consecutive months with -14.7% to RM92.7 billion in July 2021, as Malaysia went into lockdown amid worsening Covid-19 cases, the Department of Statistics Malaysia (DOSM) said.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the motor vehicles sub-sector suffered the most, plunging -85.4% or RM11.8 billion to register RM2 billion worth of sales, while retail trade also dropped -8.1% or RM3.6 billion to RM41.1 billion.

“This was followed by wholesale trade, which fell -1.1% or RM0.5 billion to reach RM49.5 billion.

“However, for month-on-month comparison, sales value increased marginally 0.5%, reversing from -14.8% reported last month as a few states entered Phase Two of the National Recovery Plan which allowed selected economic and distribution sectors to be operational,” said Mohd Uzir in the department’s Performance of Wholesale and Retail Trade report for July 2021, which was released today. –