How much did retail trade contribute to February 2022 growth?

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Retail Trade Sub-Sector Significantly Boosted Overall Sales in February 2022

In February 2022, Malaysia's wholesale and retail trade sales reached RM117.2 billion, marking an 8.5 per cent year-on-year increase. The retail trade sub-sector was a primary driver of this growth, expanding by 10.2 per cent, or RM4.5 billion, to a total of RM48.8 billion. This substantial rise in retail activity, particularly in non-specialised stores and automotive fuel sales, underpinned the overall positive performance of the sector.
Retail Sales in Non-Specialised Stores Saw Strong Growth

A significant contributor to the retail trade sub-sector's expansion was the performance of non-specialised stores. These outlets experienced a notable increase of 15.9 per cent, translating to an additional RM2.5 billion in sales, bringing their total to RM18.3 billion. This category's robust growth indicates a broad consumer spending trend across various goods.
Automotive Fuels and Household Goods Drove Retail Expansion

Beyond non-specialised stores, several other retail categories demonstrated considerable year-on-year growth. Sales of automotive fuels saw a significant surge of 18.1 per cent, reflecting potential increases in travel and vehicle usage. Concurrently, retail sales of household goods rose by 9.8 per cent, suggesting sustained consumer spending on essential and discretionary items for the home.
Online Retail and Other Categories Showed Positive Momentum

The digital commerce landscape also contributed to the overall retail growth, with the index of retail sales over the internet recording a 19.8 per cent increase year-on-year for February 2022. Furthermore, less conventional retail channels also performed well. Retail sales not in stores, stalls, or markets soared by 25.9 per cent, while sales in stalls and markets rose by 8.8 per cent, indicating a diverse and dynamic retail environment.

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How much did retail trade contribute to February 2022 growth?

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