Malaysia's consumer spending rises in September as wholesale and retail trade accelerates

Malaysia's consumer spending rises in September as wholesale and retail trade accelerates
Malaysian consumer activity rises

Consumer demand in Malaysia showed stronger momentum in September as distributive trade activity expanded more rapidly than in the previous month. The increase was supported by higher wholesale, retail and automotive sales, although online retail sales growth moderated slightly.

Highlights

  • Malaysia's total wholesale and retail trade reached RM183.1 billion in September, up 15.9% year over year and exceeding August's 10.5% growth.
  • The wholesale sector surged 25.3% to RM89 billion, mainly due to higher petrol, diesel and lubricant prices, as well as growth in sales of household goods and automotive products.
  • The wholesale and retail trade volume index rose 5.5% year over year in September, but internet retail sales growth slowed to 6.3% from 6.7% in August.

This article was translated from the original. Read the original version by our correspondent here.

September distributive trade growth

As reported by The Edge Malaysia, citing the Department of Statistics Malaysia, total wholesale and retail trade reached RM183.1 billion in September, up 15.9% from the same month in 2025. This was higher than the annual growth of 10.5% recorded in August.

On a monthly basis, distributive trade surged 5.9% in September, compared with a 1.5% increase in August. Retail sales totaled RM73.7 billion, up 6.9% year over year, driven by supermarkets, mini-markets and specialty stores such as pharmacies, medical goods stores, and information and communications equipment stores.

The wholesale sector surged 25.3% to RM89 billion from a year earlier, primarily due to higher prices for petrol, diesel and lubricants following an increase in global crude oil prices. Wholesale trade in household goods and food products also expanded, while the separate automotive segment rose 13.4% to RM20.5 billion, driven by vehicle sales and maintenance activity.

Implications for the domestic economy

In volume terms, wholesale and retail trade rose 5.5% in September, faster than the 3.6% year-over-year growth in August. On a seasonally adjusted basis, the volume index increased 2.5% month over month, indicating stronger real consumption activity in addition to price effects.

However, the internet retail sales index recorded slower growth of 6.3% year over year, compared with 6.7% in August. This pattern suggests that household consumption continued to grow broadly across physical retail and automotive channels, although e-commerce momentum moderated slightly in September.

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