Hong Kong April retail sales rise 12.1% y/y as pandemic threat eases
Reuters2021-06-01
HONG KONG, June 1 (Reuters) - Hong Kong retail sales rose 12.1% in April from a year earlier, the third consecutive month of growth, boosted by an easing coronavirus threat and a low base of comparison early last year.
Sales rose to HK$27 billion ($3.48 billion), government data showed on Tuesday. That was compared with a revised 20.2% surge in March and a 30% rise in February.
In volume terms, retail sales in April increased 10.9% year-on-year, compared with a revised 19.9% surge in the previous month.
($1 = 7.7592 Hong Kong dollars)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
