Analysts share optimistic outlook for retail sector

Quick Summary:

PETALING JAYA: Malaysia’s retail sector remained resilient in November 2024, as reflected in the latest distributive trade index (DTI) data, but analysts noted potential headwinds ahead.

Retail sales over the Internet rose 5.2% y-o-y, slightly higher than October’s 5.1% growth.

CIMB Research provided a broader economic perspective, expecting Malaysia’s GDP growth to remain supported at 5% in 2025, consistent with the government’s target range of 4.5% to 5.5%.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Consumer Spending Inflation Economy Retail GDP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 12:56:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 672 words

Reading Time: 4 minutes read

Sentences: 25 lines

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Copyright Owner: © The Star

News ID: 25143669

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