Hong Kong retail sales jump 31.3% in February in third month of growth

Kitco Media
By Reuters
Published:
Updated:
Reuters
HONG KONG, March 31 (Reuters) - Hong Kong's February retail sales rose 31.3% from a year earlier as economic sentiment improved alongside a sharp rebound in visitor arrivals and low base of comparison in the year-earlier period, government data showed on Friday. Sales increased to HK$33.1 billion ($4.22 billion) for a third consecutive month of growth. That compared with a revised 6.9% rise in January. In volume terms, retail sales increased 29.6% year on year in February. That compared with 5.1% increase in January. ($1 = 7.8498 Hong Kong dollars) (Reporting by Donny Kwok and Twinnie Siu; Editing by Christopher Cushing)

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