Distributive trade hits five-month high in December on festive season spending
Distributive trade sales expanded to 5.7% YoY (Nov: 4.7%), a five-month high. Full-year growth reached 5.5% in 2024 (2023: 7.7%), below our forecast of 6.0%
- MoM rebounded by 1.9% (Nov: -0.5%), a five-month high, in line with seasonal trends.
- 4Q24 (5.3%; 3Q24: 5.1%): expanded slightly from the preceding quarter, reflecting a resilient domestic demand.
- Sales value: surged to RM152.2b in Dec (Nov: RM149.3b), a new record high.
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