Consumer spending to slowly normalise post-MCO

Consumer spending

PETALING JAYA: The consumer sector is bearing the brunt of the movement control order (MCO) in Malaysia, which is now entering the third week as the nation battles against the coronavirus (Covid-19) pandemic.

Consumer spending has halved throughout the period, resulting in most categories recording steep declines, except for food and beverage (F&B), communications and education.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Going gets tough for Malaysia ahead of 2023
Asia’s inflation still moderate
Steady residential sector
Bermaz rides on buoyant car sales
Headline inflation for August hits 4.7% year-on-year
Steel makers fear deepening crisis
Prospects for Covid-19 vaccine companies diminish
Short position: Glove makers, MREITs
No intervention likely to actively boost ringgit
Islamic fintech growing fast in the country

Others Also Read