Malaysia Consumer Confidence

Malaysia's consumer confidence fell by 9.9%, from 141 points in Q4 2024 to 127 points in Q1 2025. This decline was driven by a 1.5% year-on-year increase in inflation in February 2025 and uncertainty from announced tariffs on imported goods at the quarter's end. Global trade tensions also contributed to this sentiment. Despite a stable 3.1% unemployment rate and a 5.6% growth in retail sales due to festive periods, these positive aspects were outweighed by inflation and trade concerns. Malaysia's record low consumer confidence was 51.1 points in Q1 2020 and record high was 141 points in Q4 2024.