Better than forecast retail sales in the first quarter


PETALING JAYA: Malaysia’s retail industry recorded sales growth of 7.5% in the first quarter of this year, which was better than retailers’ initial forecast of 5.9%, according to Retail Group Malaysia.

“This latest quarterly result is 27% higher than the earlier estimate compiled by Malaysia Retailers Association (MRA) in February as well as 8.7% better than the estimate given by Retail Group Malaysia (at 6.9%).

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Business , retail , MRA

   

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