Retail trade in Malaysia tumbled 6.6 percent year-on-year in March 2020, the first decline since the series began in January 2013, following a downwardly revised 6.3 percent rise in the previous month. Sales fell for automotive fuels (-14.4 percent vs 3.1 percent); household equipment (-13.1 percent vs 4.8 percent); cultural & recreation goods (-12.0 percent vs 4.7 percent); information & communication equipment (-5.3 percent vs 4.0 percent); non-specialised stores (-0.3 percent vs 7.4 percent). In addition, sales growth eased for both food, beverages & tobacco (2.6 percent vs 7.5 percent) sales via stalls and markets (1.7 percent vs 9.4 percent). Also, both wholesale trade (-7.5 percent vs 6.4 percent) and motor vehicles (-14.4 percent vs 3.6 percent) plunged. On a monthly basis, retail trade plunged 9.9 percent in March, the third straight month of decline, following an upwardly revised 3.4 percent fall in February.
Retail Sales Yoy in Malaysia averaged 9.28 percent from 2013 until 2020, reaching an all time high of 14.80 percent in August of 2018 and a record low of -6.60 percent in March of 2020. This page provides - Malaysia Retail Sales YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Department of Statistics, Malaysia
Retail Sales Yoy in Malaysia is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales Yoy in Malaysia to stand at 6.90 in 12 months time. In the long-term, the Malaysia Retail Sales YoY is projected to trend around 6.90 percent in 2021, according to our econometric models.