Consumers forecast to spend cautiously this year


PETALING JAYA: Consumers are anticipated to tread cautiously in terms of spending as they face escalating cost of living and economic uncertainty, with projections of a modest uptick in private consumption this year.

Kenanga Research forecasts private consumption to grow 5.8% in 2024 versus 4.7% recorded in the previous year.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Consumer , retail , inflation , oil , manufacturing

   

Next In Business News

Malton’s net profit surges 73%
Sarawak Oil Palms net profit up 30% in 3Q24
Strong ops performance lifts Axiata’s net profit
Philippines back to fiscal surplus in October
Singapore companies’ debt levels low
Direct Line rejects US$4.2bil takeover offer
TNB 3Q24 net profit soars 85% year-on-year
Capital A records net profit of RM1.64bil for 3Q24
FGV continues to improve palm oil productivity
Dnex actively pursuing more producing assets

Others Also Read