Retail trade in Malaysia rose 21.7 percent year-on-year in January 2023, easing from a 22.7 percent gain in the prior month. It was the slowest expansion in retail activity since April last year, as sales grew at softer rates for other household equipment (10.9 percent vs 12.6 percent in December 2022), other goods in specialized stores (29.1 percent vs 30.7 percent), and non-specialized stores (24.6 percent vs 24.7 percent). At the same time, sales for motor vehicles slightly eased (20.1 percent vs 20.3 percent). In addition, wholesale trade slowed to 3.1 percent from 4.7 percent in the previous month. On a monthly basis, retail trade advanced 0.2 percent, slowing down from a 1.2 percent increase a month earlier. source: Department of Statistics, Malaysia

Retail Sales YoY in Malaysia averaged 9.31 percent from 2013 until 2023, 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 March of 2023.

Retail Sales YoY in Malaysia is expected to be 12.00 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 2.80 percent in 2024 and 3.00 percent in 2025, according to our econometric models.

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Malaysia Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-02-08 04:00 AM Dec 22.7% 22.8% 9.5%
2023-03-13 04:00 AM Jan 21.7% 22.7% 17.0%
2023-04-11 04:00 AM Feb 21.7% 19.0%


Related Last Previous Unit Reference
Consumer Spending 231225.00 235858.00 MYR Million Dec 2022
Retail Sales YoY 21.70 22.70 percent Jan 2023
Retail Sales MoM 0.20 1.20 percent Jan 2023


News Stream
Malaysia Retail Trade Growth Slows in January
Retail trade in Malaysia rose 21.7 percent year-on-year in January 2023, easing from a 22.7 percent gain in the prior month. It was the slowest expansion in retail activity since April last year, as sales grew at softer rates for other household equipment (10.9 percent vs 12.6 percent in December 2022), other goods in specialized stores (29.1 percent vs 30.7 percent), and non-specialized stores (24.6 percent vs 24.7 percent). At the same time, sales for motor vehicles slightly eased (20.1 percent vs 20.3 percent). In addition, wholesale trade slowed to 3.1 percent from 4.7 percent in the previous month. On a monthly basis, retail trade advanced 0.2 percent, slowing down from a 1.2 percent increase a month earlier.
2023-03-13
Malaysia Retail Growth Eases to 8-Month Low
Retail trade in Malaysia edged down to 22.7 percent in December 2022 from 22.8 percent in the previous month. It was the weakest growth since April, as sales slowed for other goods in specialized stores (30.7 percent vs 32.8 percent in November) and other household equipment (12.6 percent vs 14.8 percent). By contrast, sales rose faster for goods in non-specialized stores (24.7 percent vs 23.9 percent) and motor vehicles (24.8 percent vs 15.3 percent). Meanwhile, wholesale trade increased 4.7 percent in December, easing from a 5.6 percent gain in November. On a monthly basis, retail trade advanced 1.2 percent, after rising 0.7 percent in the prior month.
2023-02-08
Malaysia Retail Sales Rise the Least in 7 Months
Retail trade in Malaysia increased 22.8 percent year-on-year in November of 2022, easing from a 26 percent expansion in the previous month. Still, it was the weakest growth in retail sales since April, as consumption slowed amid rising cost pressures. Sales grew at softer rates for specialized stores (32.8 percent vs 40.9 percent in October), other household equipment (14.8 percent vs 19.1 percent) and non-specialized stores (23.9 percent vs 25.7 percent). In addition, wholesale trade slowed to 5.6 percent, from 7.3 percent in the prior month. At the same time, motor vehicles advanced 17.2 percent, accelerating sharply from an 8.9 gain in October. On a monthly basis, retail trade rose 0.7 percent, easing from a 1.1 percent increase in the previous month.
2023-01-11