Hong Kong retail slump finally turns around in February, with sales jumping 30 per cent year on year

Mar 30, 2021 | INVESTING

Hong Kong’s protracted retail slump finally turned around in February, jumping 30 per cent from the same period last year, when sales hit a record low as the coronavirus pandemic began to hobble the global economy.Provisional figures released by the Census and Statistics Department on Tuesday showed retail sales totalled HK$29.5 billion (US$3.8 billion) in February. For the first two months of 2021 combined, retail sales value saw a 2.7 per cent rise compared with a year ago. The government…

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