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HK Mar Retail Sales Craters 7% YoY, Far Below Forecasts
Recommend 6 Positive 3 Negative 17 |
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The value of total retail sales in March 2024, provisionally estimated at $31.2 billion, decreased 7% YoY, as compared with the market's original expectation of an increase of 0.9%, according to the Census and Statistics Department (C&SD)'s announcement. The revised estimate of the combined value of total retail sales in January and February 2024 increased by 1.4% compared with the same period a year earlier. For 1Q24, it was provisionally estimated that the value of total retail sales decreased by 1.3% compared with the same period in 2023. AAStocks Financial News |
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