HK March retail sales rise 17.3 pct yr/yr

05-May-2012 Intellasia | Reuters | 7:05 AM Print This Post

March retail sales data (percent change from a year earlier):

March February January December November October Sep

Value: 17.3 15.6^ 14.9 23.5 23.4 23.0 24.0

Volume: 13.4 10.1 9.1 17.1 16.9 15.0 15.1

Mainland Chinese shoppers holding multiple shopping bags walk under a shopping mall decoration made of hats in Hong Kong on March 7, 2012. (Getty)

CONTEXT:

- In the three months through March, the volume of sales fell 0.9 percent, seasonally adjusted, from the preceding three months.

- For a breakdown of March retail sales click on

COMMENTARY:

A government spokesman said retail sales expanded strongly in March, reflecting fairly buoyant tourist spending and local consumer sentiment. Favourable labour market conditions and the strength of inbound tourism should continue to support the retail business in the near term.

http://www.reuters.com/article/2012/05/03/hongkong-economy-retail-idUSH9E8FO01S20120503

 


Category: Hong Kong

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