Malaysia consumer spending seen recovering

Slight increase: Spending by local cardholders increased moderately by 4.4 y-o-y in January 2017, compared to the 3.3 growth in December 2016.

PETALING JAYA: Consumer spending is expected to gradually recover in the second half of this year.

Affin Hwang Capital Research was optimistic that while consumer spending would take longer to recover, macroeconomic indicators such as private consumption and the ringgit’s performance show encouraging upside potential this year.