Tuesday, March 31, 2015   

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:
Central bank cuts downpayment rate in China to 40pc (03-30 19:20)
Ex-Fed chair Bernanke becomes Brookings blogger (03-30 18:36)
Yuan loses ground in global transactions (03-30 17:33)
Billionaire Soros seeks rich pickings in Ukraine (03-30 17:11)
Wing On profits shrink, Tai Koo store to close (03-30 16:40)
Hang Seng bounces 1.5pc (03-30 16:10)
Nikkei up at close (03-30 16:02)
Positive start for Europe equities (03-30 16:01)
Shanghai, Shenzhen bull run continues (03-30 15:45)
Hang Seng, Shanghai rally (03-30 14:04)

More breaking news >>

© 2015 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 2015, 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.