Wholesale and retail trade rises 5.5% to hit RM150bil sales in Oct 2024

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Wholesale and retail trade rises 5.5% to hit RM150bil sales in Oct 2024
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KUALA LUMPUR: Malaysia’s wholesale & retail trade sector grew by 5.5 per cent to hit RM150.1 billion in October 2024, compared to the same period last year, according to Statistics Department Malaysia .

DOSM attributed the surge in sales to strong performances across the retail trade, wholesale trade, and motor vehicle sub-sectors. "The motor vehicle sub-sector also showed signs of recovery, registering a 2.7 per cent growth to RM18.9 billion," DOSM said in a statement, today. “Sales in non-specialised stores rose by 8.5 per cent, while retail sales of food, beverages, and tobacco surged by nine per cent, indicating strong consumer spending during the festive season.

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