Malaysia Distributive Trade - 12 June 2024

April YoY sales growth hit 8-month high due to strong domestic demand and lower base effect

Distributive trade sales growth reached an eightmonth high in April at 6.6% YoY (Mar: 5.2%), driven by strong domestic demand and partly due to the low base effect

  • MoM growth declined (-0.6%; Mar: 3.3%) after a solid rebound in the previous month.
  • Sales value (RM144.9b; Mar: RM145.7b): fell slightly but remained elevated.

Positive distributive trade sales growth in April led by expansion in wholesale trade and motor vehicles

  • Retail trade (5.5%; Mar: 7.1%): growth slowed to a three-month low due to a higher base effect though MoM continue to increase (1.5%; Mar: 2.1%). Growth was mainly contributed by non-specialised stores (5.2%; Mar: 8.4%), followed by specialised stores (8.4%; Mar: 10.9%), and household goods (4.7%; Mar: 4.8%) albeit at a slower pace.