Hong Kong's retail sales rose in January for the second consecutive month as consumer sentiment improved, with further relaxation of pandemic-related rules expected to provide an additional boost, the government said on Thursday.January retail sales grew 7 per cent from a year earlier in value terms to st
Hong Kong's retail sales rose in January for the second consecutive month as consumer sentiment improved, with further relaxation of pandemic-related rules expected to provide an additional boost, the government said on Thursday.
The city dropped its COVID-19 mask mandate from March 1 in a move to lure back visitors and restore normal life more than three years after stringent rules were first imposed in the financial hub. In volume terms, retail sales in January increased 5.1 per cent from a year earlier. That compared with a revised 0.6 per cent fall in December.
The Asian financial hub's economy is expected to grow 3.5 per cent-5.5 per cent this year after shrinking 3.5 per cent in 2022.
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