Hong Kong March retail sales jump 40.9% in fourth month of growth

Kitco Media
By Reuters
Published:
Updated:
Reuters
HONG KONG, May 4 (Reuters) - Hong Kong's March sales rose 40.9% from a year earlier as consumer and visitor spending continued to improve, though the low base of comparison also contributed, government data showed on Thursday. Sales increased to HK$33.6 billion ($4.28 billion) in a fourth consecutive month of growth. That compared with a 31.3% rise in February. In volume terms, retail sales increased 39.4% year-on-year in March. That compared with a revised 29.7% growth in February. ($1 = 7.8481 Hong Kong dollars) (Reporting by Donny Kwok and Twinnie Siu; Editing by Andrew Heavens)

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