Retail trade in Malaysia increased by 7.7 percent year-on-year in June 2019, easing from a 7.8 percent rise in the prior month. Sales growth slowed for food, beverages and tobacco (9.2 percent vs 9.6 percent in May); other household equipment (6.9 percent vs 7.7 percent); other goods (9.1 percent vs 9.3 percent); retails sale via stalls and markets (8.6 percent vs 9.9 percent); and retail sales in non-specialised stores (8.8 percent vs 9.0 percent). Meantime, sales growth accelerated for both automotive fuel (4.5 percent vs 3.5 percent) and cultural and recreation goods (8.6 percent vs 8.4 percent). On the other hand, wholesale trade went up faster (6.4 percent vs 5.5 percent) while sales of motor vehicles fell (-2.5 percent vs 9.1 percent). On a monthly basis, retail trade rose 4.4 percent, compared to a 5.3 percent gain in May. Retail Sales Yoy in Malaysia averaged 9.74 percent from 2013 until 2019, reaching an all time high of 14.80 percent in August of 2018 and a record low of 5.90 percent in July of 2015.
Retail Sales Yoy in Malaysia is expected to be 8.50 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 6.00 in 12 months time. In the long-term, the Malaysia Retail Sales YoY is projected to trend around 6.90 percent in 2020, according to our econometric models.