EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Saturday, January 28, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Wholesale, retail trade rebounds 26.3% to RM84.4b in May

by moneycompass
July 10, 2020
in Local Market News
wholesale
Share on FacebookShare on WhatsApp

KUALA LUMPUR – Wholesale and retail trade rose by RM17.5 billion or 26.3% month-on-month (m-o-m) to RM84.4 billion in May 2020 compared to April 2020, as reported on Bernama.

Chief statistician at Department of Statistics Malaysia Datuk Seri Dr Mohd Uzir Mahidin said this was due to the reopening of almost all economic sectors and business activities starting May 4, under the Conditional Movement Control Order (CMCO).

“The motor vehicles’ sub-sector contributed the most to this increase at RM6.8 billion, an increase of RM6.0 billion or 709.0% m-o-m.

“This was followed by retail trade which rose RM8.6 billion or 30.5% m-o-m to RM36.9 billion, and wholesale trade, which expanded by RM3.0 billion or 8.0% m-o-m to RM40.7 billion,” he said in a statement yesterday.

Meanwhile, online retail sales grew by 9.3% m-o-m and expanded 39.3% year-on-year (y-o-y).

Mohd Uzir said despite the positive m-o-m growth, sales of wholesale and retail trade contracted by 23.8% y-o-y, the third consecutive y-o-y decline after March 2020 and April 2020.

“Wholesale trade sub-sector registered the biggest fall among sub-sectors with RM12.6 billion or -23.6% y-o-y.

“Similarly, retail trade decreased RM7.2 billion or -16.2% y-o-y while motor vehicles was also down RM6.6 billion or -49.5% y-o-y,” he said.

In terms of volume, wholesale and retail trade rose 30.3% m-o-m in May 2020 due to the 763.3% growth in the motor vehicle sub-sector, said Mohd Uzir.

“Retail trade and wholesale trade also posted positive growth of 32.9% m-o-m and 12.0% m-o-m respectively during the month,” he added.

 

Read more: 0% financing programme launched to support SMEs in Malaysia

Tags: CMCORetail TradeWholesale Trade
ShareSendShareSendTweetShare
Previous Post

Huawei jointly building a better and sustainable future

Next Post

COOCAA to Kick off Grand Promotion on LAZADA in the Philippines, Offering Huge Benefits to Customer

Related Posts

Corporate News

JCorp Officially Launches JLand Group (JLG) to Capture Opportunities in New Economy Real Estate

18 Jan 2023
Local Market News

PETRONAS allocates RM322 million contract to Muhibbah

08 Dec 2022
MDEC
Local Market News

MDEC: Malaysia is a popular investment location for Chinese investors

08 Dec 2022

Discussion about this post

MOST POPULAR

  • The 12th International Conference on Financial Crime and Terrorism Financing (IFCTF) 2022 saw Bank Negara Malaysia's (BNM) governor talk about the ringgit's status.

    Malaysian ringgit ranked as cheapest currency in region

    0 shares
    Share 0 Tweet 0
  • Government of Sharjah Honours Partners With NFT Plaque Using SBT Technology for their Support at GITEX Global 2022, becomes world’s first to do so

    0 shares
    Share 0 Tweet 0
  • Communicators Make Historic Strides in C-suite Impact

    0 shares
    Share 0 Tweet 0
  • Kenanga Research foresees slow 5G adoption

    0 shares
    Share 0 Tweet 0
  • Malaysia’s future growth plans in ASEAN’s digital economy – MGBF

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER