Hong Kong's retail sales grew 1.9% YoY in February due to Chinese Lunar New Year spending, reaching HK$33.8bn.
Hong Kong's retail sales grew 1.9% year-on-year in February, driven by Chinese Lunar New Year holiday spending, reaching HK$33.8bn (US$4.3bn). In the first two months of the year, total retail sales value increased 1.4% over the previous year. The HKSAR government expects upcoming mega events, rising household income, and efforts to boost consumption sentiment to support the retail sector.
April 03, 2024
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