Retailers in Hong Kong have been hit hard by the coronavirus but there are signs the picture is improving. Photo: Nora TamRetailers in Hong Kong have been hit hard by the coronavirus but there are signs the picture is improving. Photo: Nora Tam
Retailers in Hong Kong have been hit hard by the coronavirus but there are signs the picture is improving. Photo: Nora Tam

Hong Kong retail shrinks by a third in May but rate of decline improves as coronavirus crisis stabilises

  • Consumer sales down 32.8 per cent by value in May year on year, a less dramatic drop than for April, official figures show
  • It is the 16th straight month of decline but retailers predict the level of contraction will continue to narrow
Topic |   Coronavirus pandemic
Retailers in Hong Kong have been hit hard by the coronavirus but there are signs the picture is improving. Photo: Nora TamRetailers in Hong Kong have been hit hard by the coronavirus but there are signs the picture is improving. Photo: Nora Tam
Retailers in Hong Kong have been hit hard by the coronavirus but there are signs the picture is improving. Photo: Nora Tam
READ FULL ARTICLE