The FINANCIAL — Hong Kong’s retail sales by value rose 14.9% in February from a year earlier, a sharp rebound from January, according to Nasdaq.
The result was partly distorted by the Lunar New Year holiday, which fell in January last year but February this year, the Census and Statistics Department said on March 31.
The growth rate in February was rebounded from January’s 14.5% fall and was higher than the median 3.2% growth expectation from three economists surveyed by The Wall Street Journal.
Hong Kong retail sales by volume rose 18.2% in February from a year earlier, reversing January’s 13.8% fall. This was above the survey’s median forecast for 5.4% growth.
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