Retail sales uptrend expected to sustain

MIDF Research said Malaysia’s retail trade maintained a robust pace, growing 5.5% year-on-year in September 2024 to RM64.4bil.

PETALING JAYA: The consumer sector continues to experience strong tailwinds from the recovery in tourism, which has driven a significant increase in consumer demand, according to MIDF Research.

Citing data from Tourism Malaysia, it said international tourist arrivals surged to 18.4 million in the first nine months of 2024, compared to 14.5 million in the same period of 2023, underscoring the robust momentum following eased travel restrictions.