Consumer products sector continues to face inflationary pressures

KUALA LUMPUR: The coming quarters could continue to be challenging for the consumer products sector following a second quarter of 2023 that was impacted by rising operating costs and softer consumer spending.

According to RHB Research, 3Q23 could see the continuation of the trend experienced in the second quarter, where earnings normalised from a strong base in the year before and margins slipped on the back of rising operating costs.