Retail sales in Malaysia increased by 12.6 percent year-on-year in November 2018, accelerating from a 11.2 percent rise in the prior month, reaching the fastest annually increase since August. Meantime, wholesale trade grew at a softer 6.9 percent (vs 7.2 percent in October). At the same time, sales of motor vehicles went up 2.1 percent, slowing from a 2.9 percent increase in the preceding month. On a monthly basis, retail trade rose 2.1 percent, accelerating from a 2 percent gain in October. Retail Sales Yoy in Malaysia averaged 9.82 percent from 2013 until 2018, reaching an all time high of 14.80 percent in August of 2018 and a record low of 5.90 percent in July of 2015.
Retail Sales Yoy in Malaysia is expected to be 7.70 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 7.30 in 12 months time. In the long-term, the Malaysia Retail Sales YoY is projected to trend around 6.90 percent in 2020, according to our econometric models.