Hong Kong retail sales rise 7% in January

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Hong Kong retail sales rise 7% in January
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Hong Kong's January retail sales rose 7 per cent from a year earlier as economic sentiment improved alongside further relaxation of social distancing measures, government data showed on Thursday.Sales increased to HK$36.2 billion ($4.61 billion) in a second consecutive month of growth. That compared with

Hong Kong's January retail sales rose 7 per cent from a year earlier as economic sentiment improved alongside further relaxation of social distancing measures, government data showed on Thursday.

Sales increased to HK$36.2 billion in a second consecutive month of growth. That compared with a revised 1.2 per cent rise in December. In volume terms, retail sales increased 5.1 per cent year on year in January. That compared with a revised 0.6 per cent decrease in December.

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