Retail sales expected to increase 16%-17% in 2011.

By bne IntelliNews July 8, 2011
Hong Kong's retail sales are expected to increase by an average 16%-17% this year, sustained by the positive income expansion. As reported by Dow Jones International News, the retail sales, by value, increased 27.8% y/y in May, which was unaltered as compared to April. The risk to the retail sales growth momentum is expected to be the increasing inflationary pressures. The inflation increased to a 34-month high of 5.2% in May.

Retail sales expected to increase 16%-17% in 2011.

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