Hong Kong’s retail sales up 22.7 pct in February

The value of Hong Kong’s total retail sales in February 2013, provisionally estimated at 41.4 billion HK dollars (about 5.34 billion U.S. dollars), grew 22.7 percent over a year earlier, the city’s Census and Statistics Department said on Tuesday.

After netting out the effect of price changes over the same period, the volume of total retail sales increased by 21.9 percent in February 2013 compared with a year earlier.

The revised estimate of the value of total retail sales in January 2013, at 47.7 billion HK dollars, increased by 10.5 percent over January 2012, while the volume of total retail sales increased by 10.4 percent.

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