Sales of wholesale and retail trade reported a double-digit growth of 10.7% to RM107.9 billion in August 2018 compared with the same period last year, attributable to retail trade and motor vehicles, according to the Department of Statistics (DoS).
Sales of wholesale trade increased 7.4% to RM50.9 billion, while retail trade rose 14.8% driven by sales in specialised stores, non specialised stores and information & communication equipment in specialised stores, in line with consumers took advantage of the tax holiday period.
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