Slump in Hong Kong retail sales eases but outlook remains downbeat as Covid-19 fourth wave takes hold
Hong Kong's retail sales declined by a lesser extent in October, slumping 8.8 per cent year on year, but the consumption outlook remained downbeat as the city battled another surge of coronavirus infections.Consumption shrank to HK$27.4 billion (US$3.55 billion), marking the 21st month in a row of retail sales contraction, according to the Census and Statistics Department on Tuesday.Bitter winter for Hong Kong eateries, as new Covid-19 rules could cost HK$6 billionRetail sales fell 27 per cent…
South China Morning Post
Tue, 01 Dec 2020 17:01:48 +0800
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