Cautious stance: The Retail Group Malaysia says consumers are still concerned on their rising cost of living and remain cautious with their monthly spending.
PETALING JAYA: The retail industry has shown slight improvement in the months of April to June, as compared to the first three months of this year, with the Hari Raya festival in May boosting sales.
The Retail Group Malaysia pointed out in its latest Malaysia Retail Industry Report that in the second quarter of 2017, Malaysia’s national economy recorded another sustainable growth rate of 5.6% as compared to 4.9% for retail sales, supported by domestic demand.
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