Bimb Research Highlights

Author: kltrader   |   Latest post: Tue, 30 Nov 2021, 5:36 PM


Economics - Malaysia Economy - Bleak distributive trade sales in August

Author:   |    Publish date:

  • Distributive trade sales dropped by 10.2% yoy
  • Contraction recorded in all distributive trade sub-sectors
  • Global retail spending moderated as COVID-19 challenges persist
  • Reopening measures should propel consumer spending

Malaysia’s distributive trade recorded sales of RM100.0bn in August, dropped by - 10.2% yoy following a 14.7% decline in July 2021. The fall marked the third straights month of decline. A substantial contraction was recorded in motor vehicle sales which shrank by 57.6% yoy in August, moderating from an 85.4% drop in July. Similarly, retail and wholesale trades fell by 7.5% yoy and 0.1% yoy, respectively.

Sales value of motor vehicles sub-sector shrank by 57.6% yoy (RM11.8bn) to RM5.8bn, following an 85.4% drop in the previous month. This fall was higher due to the decline in all sub-components of motor vehicles. A total of 17,500 units were delivered in August 2021, which was 10,414 units or 147.0% higher than the 7,086 units sold in July. On a year-on-year basis, total industry volume (TIV) dipped by 67.5% from 53,838 units sold in the same period a year earlier. Meanwhile, year-to-date August 2021, Malaysia's new vehicle sales fell 4.4% to 273,757 units from 286,261 units.

Sales of retail trade decreased by 7.5% yoy or RM3.4bn to RM42.3bn. The negative growth was due to retail sale of other goods in specialised stores (-14.8%), retail sale in non-specialised stores (-8.1%), and retail sale of other household equipment in specialised stores (-7.5%). Meanwhile, wholesale trade generated sales value of RM51.9bn in August, dropped by RM0.03bn (-0.1% yoy) mainly due to the decrease of wholesale on a fee or contract basis which fell 19.4% to settle at RM0.8bn. This was followed by wholesale of household goods -9.7%, and wholesale of machinery, equipment & supplies -6.7%.

On a monthly basis, the sales value of wholesale & retail trade grew by 7.9% in August after a 0.5% gain in July. Sales of motor vehicle and retail increased by 188.1% mom and 2.9% mom, respectively. Meanwhile, the wholesale trade sub-sector rebounded by 4.7%, a reversal of a 2.4% drop in July.

Share this

  Be the first to like this.


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!


1. Statement by Tony Pua on Tun Mahathir's upcoming book save malaysia!
2. How well is Malaysia controlling Covid 19 - Koon Yew Yin Koon Yew Yin's Blog
3. TOPGLOV ( 7113) The Story behind the Chart of TOP GLOVE CORP BHD KLSE Stocks Review
4. If only ATA IMS was as bold as its industry counterpart, VS Industry save malaysia!
5. Serba Dinamik - Two thirds cleared with one third being finalised. A little more to go. Pearlwhite's commentaries
6. The mispresented truth about Serba Dinamik – The mainstream medias' not so great headlines Pearlwhite's commentaries
7. [转贴] [Video:浅谈SAPURA ENERGY BHD, SAPNRG, 5218] - James的股票投资James Share Investing James的股票投资James Share Investing
8. Serba Dinamik is ever so helpful, but the rest refuses to leave Malaysia to finalise the SIR. Pearlwhite's commentaries
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

295  290  587  1114 

Top 10 Active Counters
 ATAIMS 0.52+0.08 
 MLAB 0.03-0.005 
 SAPNRG 0.050.00 
 HSI-CI2 0.325-0.015 
 EDUSPEC 0.0150.00 
 MMAG 0.090.00 
 FOCUS-WD 0.0050.00 
 BCMALL 0.03+0.005 
 XOX 0.030.00 
 DNEX 0.77+0.005