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Malaysia's Retail Sales Rise 6.3% in April

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Malaysia's retail trade sales increased 6.3% year over year in April, according to data from the Department of Statistics Malaysia released Friday.

The increase missed the 7.7% growth forecast by analysts polled by Trading Economics. It also slowed from the 7.5% expansion in March.

The sector's performance was driven primarily by a 6.1% increase in retail sales in non-specialized stores, while other retail segments also recorded gains.

Total wholesale and retail trade sales combined reached 174.8 billion ringgit for the month, reflecting a 15.3% year-over-year increase.

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