Consumer segment to stay resilient next year

MIDF Research said consumers are becoming more price-sensitive and restrained in spending on discretionary and major durable items.

PETALING JAYA: Spending in food and beverage (F&B) outlets as well as non-specialised stores is expected to remain resilient in 2024 supported by various factors, say analysts.

MIDF Research said in a recent report that it expects the consumer sector in the country to remain resilient due to the steady job market, sustained demand for essential daily items, continuous robust out-of-home consumption, and benefits from initiatives introduced in Budget 2024 to boost consumer spending.