Retail trade in Malaysia declined 1.5 percent year-on-year in August 2020, following a 3.8 percent drop in the previous month. It was the sixth consecutive decline in retail trade, but the smallest in the current sequence, as the economy continued to recover from the pandemic shock. Sales fell for cultural & recreation goods (-9.7 percent), other goods in specialized stores (-7.2 percent), and automotive fuel (-5.6 percent). Also, wholesale trade declined at a softer pace (-3.9 percent vs -4.5 percent in July) while sales of motor vehicles continued to rise (1.0 percent vs 1.7 percent). On a monthly basis, retail trade increased 2.3 percent in August.
Retail Sales Yoy in Malaysia averaged 8.09 percent from 2013 until 2020, reaching an all time high of 14.80 percent in August of 2018 and a record low of -32.40 percent in April of 2020. This page provides - Malaysia Retail Sales YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Department of Statistics, Malaysia
Retail Sales Yoy in Malaysia is expected to be 4.00 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 3.50 in 12 months time. In the long-term, the Malaysia Retail Sales YoY is projected to trend around 6.90 percent in 2021, according to our econometric models.