Retail trade in Malaysia surged 56.4 percent year-on-year in April 2021, accelerating sharply from a 10.5 percent rise in the previous month. It was the second straight month increase in retail sales and the strongest growth since the series began in 2013, amid a further economic recovery and a low base effect from last year. Sales increased for other goods in specialised stores (133.5 percent), automotive fuels (120.9 percent), cultural & recreation goods (107.8 percent), and other household equipment (103.4 percent). Also, wholesale trade jumped 43 percent in April, after increasing 1.8 percent in March. At the same time, sales of motor vehicles soared 1,687.8 percent, accelerating sharply from a 40.7 percent surge in the prior month. On a monthly basis, retail trade edged down 1.5 percent in April, reversing from a 1.7 percent rise in March. source: Department of Statistics, Malaysia
Retail Sales Yoy in Malaysia averaged 8.02 percent from 2013 until 2021, reaching an all time high of 56.40 percent in April of 2021 and a record low of -32.40 percent in April 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 June of 2021.
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 2.50 in 12 months time. In the long-term, the Malaysia Retail Sales YoY is projected to trend around 6.90 percent in 2022, according to our econometric models.