In 2007, RM67.1 billion was spent by shoppers in Malaysia; in 2008, RM71.8 billion expected
Staggering. Even with all the food and grocery price increases, people still spent more in 2006 than in 2007.
Shoppers (Malaysians + tourists) spent almost RM67.1 billion in 2007, a 12.8% increase from the year before. It was the fastest growth since 1991.
Tourists accounted for 10-12% of the total.
For 2008, the forecast is even more: RM71.8 billion.
Most of purchases went to:
-”specialty subsectors”, eg toys, fitness equipment and optical products
- fashion and fashion accessories.
Source
New Straits Times, 14th May 2008
