Search
  Retailing Tool: Save | Print | E-mail   
Retail sales grow at slowest pace in HK
Last Updated(Beijing Time):2012-08-31 00:00

Hong Kong's retail sales grew at the slowest pace in July since the global financial crisis as consumer sentiment weakened and Chinese mainland visitors pared spending on luxury goods.

Sales rose 3.8 percent, the least since September 2009 and down from an 11 percent gain in June, a government statement said yesterday. The median forecast in a Bloomberg News survey of nine economists was for an 8.8 percent rise and none predicted such a small gain.

The mainland's slowdown is rippling through Hong Kong by dragging on exports, weighing on confidence and encouraging the millions of mainlanders who visit each month to be more cautious in their spending. That has hurt sales of luxury goods including watches and jewelry in the former British colony.

Source:Shanghai Daily 
Tool: Save | Print | E-mail  

Photo Gallery--China Economic Net
Photo Gallery
Edition:
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2024 China Economic Net. All right reserved