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Article: Hong Kong's retail sales rose by 1.2 per cent by value during August.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 9, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct 09, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)
Hong Kong retail sales for August 2003 rose 1.2 per cent to $HK14.7 billion ($US1.91 billion) when compared with August 2002. The volume of sales rose three per cent. It was the first time for six months that retail sales had risen. The rise in sales was largely attributed to a 9.6 per cent increase in tourists in August 2003, the first since April 2003, when tourism in Hong Kong slumped as a result of the severe acute respiratory syndrome (SARS) outbreak. However, despite the August increase ...