Household income growing at slower pace

PETALING JAYA: The pace at which household income grew slowed down last year compared with the 2012-2014 period based on data from the Statistics Department, according to Malaysian Rating Corp Bhd (MARC).

The rating agency said in a report that both the median and mean monthly household income growth had slowed from the pace of 11.7% and 10.3% recorded in the previous survey. Both measures were also lower than the increases recorded in the survey during the 2009-2012 period, it said.