HONG KONG: Hong Kong’s retail sales fell 21.4% in January from a year earlier, as the coronavirus outbreak discouraged tourists from visiting the Chinese-ruled city and kept citizens away from shopping centres.
The health scare worsened an already weak environment for retail after months of often violent anti-government protests.
For the month of January, sales dropped to HK$37.8bil (US$4.86bil), government data showed yesterday, the 12th consecutive month of decline. December’s fall was a revised 19.4%
In volume terms, retail sales in January fell 23.0%, compared with a revised 21.1% drop in December. — Reuters
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