Weaker consumer spending clouds sector


The non-specialised stores such as provisions stores, mini market, convenience stores, supermarkets and hypermarkets had also seen a general slowing down.

PETALING JAYA: There will be continued downward pressure on distributive trade and retail spending, said AmBank Research.

In its report, the research house said distributive trade figures fell for the second month in a row, down 1.2% year-on-year in November which is the fastest contraction since August, said AmBank Research.

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