File pic: The retail business was slow at the Prangin Mall in George Town due to the CMCO on Nov 10. - CHAN BOON KAI/The Star KUALA LUMPUR: Malaysia recorded wholesale and retail trade sales of RM110.5 billion in October 2020, down by 0.8 per cent year-on-year (y-o-y), according to the Department of Statistics Malaysia (DOSM). In a statement on Thursday, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said this negative growth was due to a 1.5 per cent (RM0.7 billion) contraction in retail trade to RM44.2 billion and a 0.9 per cent (RM0.5 billion) decrease in wholesale trade to RM53.4 billion. On the other hand, the motor vehicles sub-sector continued to record a positive sales growth of RM0.3 billion or 2.2 per cent y-o-y to RM12.9 billion. However, the sub-sector's month-on-month (m-o-m) sales value slipped 0.5 per cent in October 2020 compared to September partly due to resurgence of COVID-19 cases which led to the Enhanced Movement Control Order being reimposed in certain targeted areas and the implementation of the Conditional Movement Control Orders in Selangor, Kuala Lumpur and Putrajaya. Mohd Uzir said the negative growth of 1.5 per cent for the retail trade was due to declining sales of non-essential products, namely sales in specialised stores (-7.4 per cent) as well as sales of household goods (-4.0 per cent), cultural & recreation goods (-4.6 per cent), and information and communication equipment (-1.9 per cent). "However, sales of essential goods depicted a positive y-o-y growth, with sales in non-specialised stores registering 4.4 per cent growth to RM15.9 billion. This was followed by retail sale of food, beverages and tobacco which rose 6.1 per cent to RM2.7 billion. "Retail trade not in stores, stalls or markets also expanded 8.3 per cent to RM0.4 billion, followed by retail sale via stalls and markets which increased 7.0 per cent to RM0.1 billion, ” he said. On another note, Mohd Uzir said for wholesale trade, the fall of 0.9 per cent y-o-y in October was mainly due to other specialised wholesale and wholesale on a fee or contract basis which declined 6.1 per cent and 3.6 per cent, respectively. "However, wholesale of food, beverages and tobacco grew 3.8 per cent to settle at RM10.1 billion, followed by household goods which increased 3.1 per cent to RM11.0 billion. Similarly, wholesale of machinery, equipment and supplies also expanded 1.7 per cent y-o-y to generate sales of RM4.6 billion, ” he explained. On the motor vehicles sub-sector, he said sales of motor vehicles spearheaded the growth with 6.4 per cent y-o-y to RM7.2 billion, followed by sale, maintenance and repair of motorcycles which rose 4.7 per cent to RM1.1 billion. However, maintenance and repair of motor vehicles shrank 4.3 per cent compared to the corresponding month of 2019 to record RM1.5 billion worth of sales, with sale of motor vehicles parts and accessories also decreasing 4.5 per cent to RM3.1 billion, he noted. For the m-o-m negative growth of 0.5 per cent, it was dragged down by retail trade with -1.4 per cent or a decrease of RM0.6 billion, he said, adding similarly, motor vehicle sales decreased RM0.8 billion or -5.8 per cent within the same period. In contrast, he said, wholesale trade increased 1.7 per cent or an additional of RM0.9 billion m-o-m. Mohd Uzir said online retail sales index, which shows e-commerce activity, surged to record 26.3 per cent growth y-o-y. For seasonally adjusted retail sales index, it went down 5.4 per cent against the previous month, he said. "In terms of volume index, wholesale and retail trade registered a negative growth of -1.4 per cent y-o-y. The fall was due to retail trade which decreased 2.8 per cent followed by wholesale trade which contracted 0.8 per cent. "In contrast, motor vehicles recorded a positive growth of 1.7 per cent. As for seasonal adjusted volume index, it inched down 1.4 per cent m-o-m, ” he added. - Bernama
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