Retail sales in the first three months decreased by 2.3 per cent in value, compared with the same quarter last year, but retail volume was virtually unchanged. Photo: Nora Tam
Retail sales in the first three months decreased by 2.3 per cent in value, compared with the same quarter last year, but retail volume was virtually unchanged. Photo: Nora Tam
Retail sales in the first three months decreased by 2.3 per cent in value, compared with the same quarter last year, but retail volume was virtually unchanged. Photo: Nora Tam

Prudent Hong Kong shoppers drive 2.9pc retail sales slump for March

Surprise drop in domestic consumption blamed for overall decline of 2.9pc in March

Retail sales in the first three months decreased by 2.3 per cent in value, compared with the same quarter last year, but retail volume was virtually unchanged. Photo: Nora Tam
Retail sales in the first three months decreased by 2.3 per cent in value, compared with the same quarter last year, but retail volume was virtually unchanged. Photo: Nora Tam
Retail sales in the first three months decreased by 2.3 per cent in value, compared with the same quarter last year, but retail volume was virtually unchanged. Photo: Nora Tam
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