Asia > Eastern Asia > Hong Kong > Hong Kong Feb Retail Sales Rise

Hong Kong: Hong Kong Feb Retail Sales Rise

2013/04/02

Hong Kong retail sales price inclunding volume increased additional than expected in February, The price of retail sales increased 22.7 % from a year ago, much faster than the 10.5 % increase logged in January and the expected expansion of 17.7 %.

Likewise, sales volume advanced 21.9 % in February compared to 10.4 % increase in the prior month. The annual increase exceeded a 17.1 % rise estimate by economists.

A government spokesman said that looking ahead, the broadly stable labor market conditions and vibrant inbound tourism should continue to lend support to the retail business in the near term.

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