Malaysia’s wholesale and retail trade recorded sales value of RM142.4 billion in January 2024, a 5.4% year-on-year increase, although it fell 1.1% when compared with December 2023. In a statement today, Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said, “The increase of 5.4% year-on-year for wholesale & retail trade in January 2024 was driven by wholesale trade sub-sector, which rose 5.5% or RM3.3 billion to register RM63.7 billion. Motor vehicles expanded by 16% or RM2.
4 billion to RM17.6 billion, followed by retail trade with growth of 2.6% or RM1.5 billion to RM61.1 billion.” For monthly comparison, the negative growth from December was contributed by retail trade which slipped 2.1%, followed by motor vehicles sub-sector which contracted 5.1%. In contrast, wholesale trade sub-sector registered positive growth of 1.2%. Looking at the performance across sub-sectors, Mohd Uzir remarked that the growth of 5.5% year-on-year for wholesale trade in January was supported by other specialised wholesale which rose RM1.8 billion or 8.3% to RM24 billio