KUALA LUMPUR (Aug 11): Malaysia's June 2022 wholesale and retail trade value jumped 44% while its volume rose 35.8% from a year earlier, led by a spike in car sales value of 1,642.8% and volume of 1,529.9%, according to the Department of Statistics Malaysia (DOSM) on Thursday (Aug 11).

"Sales value of wholesale and retail trade recorded RM132.8 billion in June 2022, registered a growth of 44% year-on-year. The positive growth was contributed by all sub-sectors, namely motor vehicles 1,642.8%, retail trade 38.4%, and wholesale trade 19.3%.

"In terms of volume index, wholesale and retail trade registered a growth of 35.8% year-on-year to record 144.3 points. The increment was supported by the increase of motor vehicles 1,529.9%, retail trade 31.3%, and wholesale trade 10.7%," the DOSM said in a statement.

https://www.theedgemarkets.com/article/dosm-malaysia-wholesale-retail-trade-jumps-car-sales-spike-over-1000