KUALA LUMPUR (June 11): Malaysia's wholesale and retail trade sales value grew 5.3% to RM105.1 billion in April 2019 from a year earlier, helped by the 6.3% and 5.3% expansion in the retail and wholesale segments respectively. In a statement today, Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin said retail sales value expanded 6.3%, driven by sales of food, beverages and tobacco, which rose 8.8%, and sales in non-specialised stores, which climbed 7%. "For wholesale trade, sales value rose 5.3% from a year ago, while motor vehicles registered annual growth of 2.2%," he said. In monthly terms, the nation's wholesale and retail sales value contracted 4% in April 2019, according to Mohd Uzir. Within the same period, wholesale trade and motor vehicles sub-sector also recorded negative growth of 3.8% and 2.0% respectively," he said.

Source: The Edge Markets June 11, 2019 05:03 UTC