Which sub-sector drove most of the RM21.5 billion increase in May 2022?

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The Retail Trade Sub-Sector Drove Most of the Increase in Wholesale and Retail Trade in May 2022

The retail trade sub-sector was the primary driver of the RM21.5 billion increase observed in Malaysia's wholesale and retail trade in May 2022. This sub-sector experienced a significant year-on-year rise of RM13.0 billion, contributing to the overall sector's record sales.
Retail Trade Experienced Substantial Year-on-Year Growth

In May 2022, the retail trade sub-sector saw its sales climb by 29.9 per cent compared to the previous year, reaching RM56.3 billion. This growth was supported by several categories within retail, including non-specialised stores, which increased by 36.3 per cent to RM20.7 billion. Other notable gains were seen in specialised stores, automotive fuels, household goods, and food, beverages, and tobacco retail sales.
Wholesale Trade Also Contributed to Overall Expansion

While the retail sector led the surge, wholesale trade also recorded an expansion, growing by 11.7 per cent year-on-year. This segment added RM6.3 billion to the total, bringing its sales value to RM59.6 billion. Key contributors to this increase included wholesale of household goods, which rose by 22.1 per cent to RM11.9 billion, alongside positive contributions from agricultural raw materials and machinery wholesale.
Motor Vehicle Sales Showed Strong Performance

The sales of motor vehicles were another significant factor in the overall trade increase, surging by 20.1 per cent year-on-year. This segment alone accounted for an additional RM2.3 billion in sales, reaching a total of RM13.9 billion. This performance indicates a robust demand for vehicles during the period.

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Which sub-sector drove most of the RM21.5 billion increase in May 2022?

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