PETALING JAYA: Malaysia's retail industry recorded sales growth of 9.1% in the second quarter of this year, which was surprisingly higher than the 5.8% recorded in the same period last year, according to the latest Malaysia Retail Industry Report.
“This latest quarterly result was 28% lower than the earlier estimate by retailers (at 12.6%) during the middle of this year. However, it was higher than the forecast made by Retail Group Malaysia at 7%,” said its managing director Tan Hai Hsin in the report.
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