Retail trade in Malaysia dropped 16.2 percent year-on-year in May 2020, following a 32.4 percent slump in the previous month. It was the third straight month of decline in retail sales, amid the coronavirus pandemic. Also, both wholesale trade (-23.6 percent vs -26.3 percent) and motor vehicles (-49.5 percent vs -93.2 percent) plunged. On a monthly basis, retail trade surged 30.5 percent in May, rebounding from a 30.5 percent tumble in April, due to the reopening of almost all economic sectors and business activities starting May 4, under the conditional movement control order.
Retail Sales Yoy in Malaysia averaged 8.52 percent from 2013 until 2020, reaching an all time high of 14.80 percent in August of 2018 and a record low of -32.40 percent in April of 2020. This page provides - Malaysia Retail Sales YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Department of Statistics, Malaysia
Retail Sales Yoy in Malaysia is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales Yoy in Malaysia to stand at 6.00 in 12 months time. In the long-term, the Malaysia Retail Sales YoY is projected to trend around 6.90 percent in 2021, according to our econometric models.