Distributive trade slowed in April amid a broad-based deceleration, policy risks looms
Distributive trade sales slowed to 4.7% YoY (Mar: 5.7%), a three-month low
- MoM (-1.5%; Mar: 3.7%): contracted after a strong momentum in the previous month, as consumers frontloaded Eid Al Fitr spending.
- Sales value (RM151.7b: Mar: RM154.0b): decreased from the previous month but remained above the 2024 average of RM147.2b.
A broad-based slowdown across all sectors
- Motor vehicles (2.1%; Mar: 2.3%): slowed due to weaker growth across sub-sectors particularly vehicle sales (1.0%; Mar: 1.5%) as monthly unit sales dropped to 60.5k units (Mar: 72.7k). However, strong growth in sale maintenance & repair of motorcycles (13.4%; Mar: 1.3%) partially mitigated the slowdown.
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