Sales growth expanded 6.6% in May on higher sales of motor vehicles
Distributive trade sales expanded slightly in May (6.6% YoY; Apr: 6.3%)
- Sales value (RM138.0b; Apr: RM136.0b): increased to a two-month high as MoM growth rebounded (1.5%; Apr: 1.8%), following a weak momentum in the previous month.
Growth was attributable to higher sales of motor vehicles and expansion in the wholesale trade
- Motor vehicles (22.0%; Apr: -5.1%): rebounded sharply to a three-month high, supported by surging sales (29.8%; Apr: -17.3%) in line with higher sales of vehicles (61.8k units; Apr: 46.6k units).
- Wholesale trade (4.4%; Apr: 3.2%): expanded to a two-month high, partly contributed by higher food, beverages and tobacco (9.6%; Apr: 7.7%) and household goods (7.9%; Apr: 5.4%).
- Retail trade (5.0%; Apr: 12.9%): moderated to the lowest since December 2021, partly due to a broad-based slowdown in the sub-components led by a sharp moderation in the non-specialised stores (8.4%; Apr: 18.0%) and automotive fuel (6.0%; Apr: 19.6%).
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