Retail trade in Malaysia surged 29.9 percent year-on-year in May 2022, accelerating strongly from a 20.9 percent growth in the previous month. It was the eighth straight month of increase in retail sales, and the highest rate since April 2021, amid lifting Covid-19 restrictions. Sales grew for automotive fuel (54.6%), trade not in stores, stalls or markets (36.3 percent), retail sale of other goods in specialised stores (30.8 percent). Also, wholesale trade grew 11.7 percent in May, after an 11.5 percent rise in the previous months. Meanwhile, sales of motor vehicles jumped 20.1 percent, following a 11.3 percent gain in the prior month. On a monthly basis, retail trade advanced 5.1 percent in May, easing from a 7.4 percent growth a month earlier, which was the strongest gain since June 2020. source: Department of Statistics, Malaysia
Retail Sales Yoy in Malaysia averaged 7.91 percent from 2013 until 2022, reaching an all time high of 56.40 percent in April of 2021 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 2022.
Retail Sales Yoy in Malaysia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Retail Sales YoY is projected to trend around 6.90 percent in 2023, according to our econometric models.