The value of total retail sales in February was provisionally estimated at HK$22.7 billion, the Census and Statistics Department, reported today. In the first two months, retail sales are down by 31.8 percent compared with the same period in 2019. A government spokesman said that the year-on-year fall in retail sales volume widened sharply in February and was the steepest for a single month on record. Excluding the effect of price changes over the same period, the volume of retail sales in February plunged by 46.7 percent. In the first two months, the volume of retail sales plunged by 33.9 percent from a year earlier.
Source: The Standard March 31, 2020 09:11 UTC