Malaysia’s wholesale, retail trade grows 6.6% in May

Author: xinhua

Malaysia’s wholesale and retail trade recorded monthly sales value of 138 billion ringgit (29.68 billion U.S. dollars) in May, up 6.6 percent year-on-year, official data showed Wednesday. The Department of Statistics of Malaysia (DOSM) said in a statement that the growth was attributed to the motor vehicles sub-sector, which surged 22 percent to 17 billion ringgit. Meanwhile, retail trade expanded 5 percent to 58.8 billion ringgit and wholesale trade increased 4.4 percent to 62.2 billion ringgit. For month-on-month comparison, sales value of wholesale and retail trade rebounded 1.5 percent, driven by the growth in motor vehicles and wholesale trade sub-sectors. (1 ringgit equals 0.22 U.S. dollar).

Share
Leave a Comment

Recent Posts

  • Pakistan

France announces aid to back global fight against polio in Pakistan

French Ambassador to Pakistan, Nicolas Galey, has reaffirmed France's support for Pakistan's polio eradication efforts,…

3 hours ago
  • Pakistan

Punjab CM briefs NDU delegation on Punjab development initiatives

Punjab Chief Minister Maryam Nawaz Sharif Thursday met the participants in the 26th National Security…

3 hours ago
  • Pakistan

ATC approves Imran’s physical remand in vandalism case

An anti-terrorism court has approved a five-day physical remand of former PTI chairman Imran Khan,…

3 hours ago
  • Pakistan

Qureshi, others indicted in May 9 case

An anti-terrorism court (ATC) on Thursday indicted several Pakistan Tehreek-e-Insaf (PTI) leaders, including Shah Mehmood…

3 hours ago
  • Pakistan

Pakistan voices regret after US veto on Gaza ceasefire bid

Pakistan expressed its "deep regret" over the United States' veto of a UN Security Council…

3 hours ago
  • Pakistan

PM calls for third party validation of govt procurements

Prime Minister Shehbaz Sharif on Thursday directed the relevant authorities to ensure third party validation…

3 hours ago