Uncertainty about general election and global economy affecting M'sian consumer sentiment

“The local retail industry is cyclical, depending on whether it’s a festive or non-festive season,” said Building Management Association of Malaysia national committee member Richard Chan, who is also past president of the Malaysian Association for Shopping and Highrise Complex Management. “In November and December, it usually picks up,” he told StarBiz

PETALING JAYA: Industry observers are cautiously optimistic about the performance of the local retail industry for the fourth quarter despite hopes of bonuses and year-end promotions.

This is primarily due to the uncertainty created by the timing of impending general election and less-than-stellar global economic conditions.