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.