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Malaysia Q1 retail sales down 1.2%: retailers body

The MRA had expected a stronger growth but weak Chinese New Year spending and elevated average fuel prices acted as big dampeners.

Kuala Lumpur

MALAYSIA'S retail sales contracted 1.2 per cent in the first three months of the year but are seen improving in the remaining quarters, according to Malaysia Retailers Association (MRA) members who said recovery would hinge mainly on external demand and the ringgit's...