Survey: Malaysian consumers moving away from crisis-mode response amid improved outlook; fewer plan to cut dining out first

Consumer research company Rakuten Insight, which has been tracking Malaysian consumer sentiment through an online survey called the Malaysia Cost Pressure Pulse (MCPP), said its latest survey showed Malaysian consumer sentiment recovering sharply in July, when compared to survey results in April.

“The share of Malaysians expecting their household financial situation to worsen over the next three months collapsed from 57.4 per cent to 39.8 per cent — a 17.6 percentage point swing, the single largest wave-on-wave movement recorded anywhere in the tracker to date,” it said.

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