Wholesale and retail volume index up 9.9% in 4Q

KUALA LUMPUR: The volume index of the wholesale and retail trade Malaysia registered a 9.9 per cent growth year-on-year (y-o-y) in the fourth quarter (4Q) of 2022, bringing the overall performance for 2022 to 14.3 per cent, the Department of Statistics Malaysia (DOSM) said.

Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin attributed the increase to the retail trade sub-sector, which rose 19.3 per cent, followed by motor vehicles and wholesale trade, which increased 7.0 per cent and 0.9 per cent, respectively.