Wednesday, July 30, 2014   

Retail sales to resume growth in Q3: HKU
(07-03 17:37)

Hong Kong retail sales will pick up again in the third quarter of the year, said Wong Ka-fu, Principal Lecturer in Economics at the University of Hong Kong.
Retail sales volume fell 9.5 percent in April from a year ago, reflecting the change in spending pattern of tourists, he said. The gold rush last year had pushed up the base figure, making the comparison steeper this year, he added.
Wong estimated that retail sales volume to fall 4.6 percent in the second quarter, and rebound with a 2.4 percent growth in the third. A double-digit growth is hard to archive in the shorter term, he noted.   
Other Business breaking news:
European stocks down before US data (07-30 19:00)
Singapore Airlines profit slumps in first quarter (07-30 18:45)
Eurozone banks ease loan conditions for businesses: ECB (07-30 18:29)
Spain speeding away from crisis (07-30 18:03)
Sony to delist shares from LSE (07-30 17:06)
Trade slumps between HK, China (07-30 16:59)
NEC cuts net loss (07-30 16:57)
Nintendo logs quarterly net loss on Wii U costs (07-30 16:47)
Hang Seng extends win streak to seven days (07-30 16:12)
Barclays says first-half net profit soars (07-30 15:17)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.