Hong Kong retail sales up 12.1 per cent year on year in April, marking slowdown in momentum of sector’s recovery

Hong Kong retail sales in April rose 12.1 per cent year on year, marking a slowdown in momentum for the industry’s recovery even as the Covid-19 crisis continued to abate.Provisional figures released by the Census and Statistics Department on Tuesday showed sales that month totalled HK$27 billion (US$3.47 billion) – their lowest level since October.The increase followed a 30 per cent year-on-year jump for February – the highest climb on record – and 20.2 per cent growth in March.A government…

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