Retail Group Malaysia has once again cut its 2015 retail-sales-growth projection for Malaysia after second quarter sales plunged 11.9% from a year ago, the worst quarterly retail growth rate since the 1997/98 Asian financial crisis.
The independent retail research firm had on Thursday attributed the outlook due to the weak consumer sentiment due to a softening local currency and recent political development.
It now expects retail sales in the country to grow 3.1% this year, instead of the earlier forecast of 4%. It said this was the fourth time it had revised downwards its forecast for 2015.
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The independent retail research firm had on Thursday attributed the outlook due to the weak consumer sentiment due to a softening local currency and recent political development.
It now expects retail sales in the country to grow 3.1% this year, instead of the earlier forecast of 4%. It said this was the fourth time it had revised downwards its forecast for 2015.
For Free Signals, click here KLSE online OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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