KUALA LUMPUR (Nov 30): The Malaysia retail industry jumped 96% year-on-year in retail sales in the third quarter of 2022. In the November 2022 Malaysia Retail Industry Report released on Wednesday (Nov 30) by Retail Group Malaysia (RGM), it said the figure was beyond market expectation. It said members of Malaysia Retailers Association (MRA) and Malaysia Retail Chain Association (MRCA) had projected the third quarter growth rate at 61.7% in September 2022. Meanwhile, RGM had estimated the quarterly growth rate at 50.0%.