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Retail industry grew 3.1% in 4Q2017, below expectation

Mimi Sabreena 3:02:00 PM Informasi

KUALA LUMPUR (Mar 14): The Malaysia retail industry reported a modest growth rate of 3.1% in the fourth quarter of 2017, below market expectation.

The Malaysia Retailers Association (MRA) members had projected the fourth quarter growth rate in November 2017 at 3.8% and it was also below Retail Group Malaysia (RGM) forecast at 4.5%.

The Malaysia Retail Industry Report for March 2018, compiled by RGM said this latest quarterly result is consistent with Consumer Sentiment Index during the same period published by Malaysian Institute of Economic Research.

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