Sales gain is price-led, lifting its growth forecast higher to 9.0%
Distributive trade sales growth accelerated to 10.5% YoY in August (Jul: 9.0%), a three-month high, led by wholesale trade
- MoM (1.5%; Jul: 1.2%): Grew for a second straight month to a four-month high, signalling firmer near-term momentum.
- Sales value (RM173.0b; Jul: RM170.5b): Hit a four-month high, above the year-to-date monthly average of RM167.9b but still below April’s peak of RM174.9b.
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