The volume index of the wholesale and retail trade registered 5% year-on-year growth in the third quarter of 2023.
Chief Statistician Malaysia, Datuk Seri Dr Mohd Uzir Mahidin said, “The increase was attributed to motor vehicles sub-sector which soared 11.2%, followed by wholesale trade and retail trade which increased 6.1% and 3.4%, respectively. For quarter-on-quarter comparison, volume index went up 2.5%, supported by motor vehicles which grew 8.5%.
He pointed out that the increase of 6.1% in this sub-sector was contributed by wholesale of agricultural raw materials & live animals with 10.9%. This was followed by other specialised wholesale , wholesale on a fee or contract basis , wholesale of food, beverages & tobacco , and non-specialised wholesale trade . For quarter-on-quarter performance, volume index of wholesale trade edged up 2.2% as compared to the previous quarter.
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