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Retail sales expected to grow 4.5% this year - MRCA


  • Economy
  • Wednesday, 7 Jun 2017

Retail sales growth is expected to be higher this year due to an increase in tourist arrivals, says MRCA.

Retail sales growth is expected to be higher this year due to an increase in tourist arrivals, says MRCA.

KUALA LUMPUR: The Malaysian Retail Chain Association (MRCA) is expecting an increase of about 4.5% in retail sales this year, driven by the country’s tourism industry.

MRCA president Datuk Gary Chua said when the Government implemented the goods and services tax in 2014, consumer sentiment turned cautious, but it had since improved, recording a more than 4% growth in 2015 and below 4% last year.

   

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