Retail trade in Malaysia surged 10.5 percent year-on-year in March 2021, rebounding sharply from a 2.1 percent drop in the previous month. It was the first time increase in retail sales in 6 months and the most since January 2019, amid the corona virus pandemic. Sales increased for automotive fuels (17.2 percent), other goods in specialised stores (13.7 percent) and other household equipment (15 percent). Also, wholesale trade grew by 1.8 percent in March, after edging down 0.1 percent in February. At the same time, sales of motor vehicles jumped 40.7 percent, recovering sharply from a 0.1 percent fall in the prior month. On a monthly basis, retail trade rose by 1.7 percent in March, rebounding from a 3.0 percent drop in February. source: Department of Statistics, Malaysia
Retail Sales Yoy in Malaysia averaged 7.53 percent from 2013 until 2021, 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 May of 2021.
Retail Sales Yoy in Malaysia is expected to be 6.00 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 2.50 in 12 months time. In the long-term, the Malaysia Retail Sales YoY is projected to trend around 6.90 percent in 2022, according to our econometric models.