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Coronavirus: Hong Kong retail sales rise 20 per cent in March, but sector’s recovery is losing steam

Hong Kong’s retail rebound lost steam in March, posting a 20.1 per cent year-on-year increase that was significantly lower than February’s figure, despite the easing of Covid-19 social-distancing rules.Provisional figures released by the Census and Statistics Department on Tuesday showed retail sales in March had risen to HK$27.6 billion (US$3.5 billion).But that mark has slid back to last October’s level, and is eclipsed by the 30 per cent year-on-year figure in February, the highest climb on…

Read the original article at South China Morning Post

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