Weaker consumer spending clouds sector

TheStar Thu, Jan 14, 2021 09:50am - 3 years View Original


The non-specialised stores such as provisions stores, mini market, convenience stores, supermarkets and hypermarkets had also seen a general slowing down.

PETALING JAYA: There will be continued downward pressure on distributive trade and retail spending, said AmBank Research.

In its report, the research house said distributive trade figures fell for the second month in a row, down 1.2% year-on-year in November which is the fastest contraction since August, said AmBank Research.

It had been impacted by the selective restrictive measures taken to contain the spread of the virus.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

AMBANK 4.180

Comments

Login to comment.