PETALING JAYA: The Malaysia Retailers Association (MRA) and Malaysia Retail Chain Association (MRCA) are looking for the retail sector to grow by 3.6% year-on-year (y-o-y) for the current quarter (3Q24), and 3.2% for 4Q24.
The retail associations also reported that in June, Retail Group Malaysia (RGM) maintained a 3.6% growth rate forecast in retail sales for 2024, taking into consideration the softer retail market during the second quarter and higher estimate for the third quarter.
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