World Economy

HK Retail Sales Fall

HK Retail  Sales FallHK Retail  Sales Fall

Hong Kong’s retail sales by value fell 14.6% in January from a year earlier, partly distorted by the different timing of Lunar New Year, which fell in mid-February this year and in late January last year, the Census and Statistics Department said Tuesday, Nasdaq reported. The decline was worse than December’s 4.0% decrease and the median 5.5% fall forecast by three economists.