Hong Kong’s retail sector has been suffering amid the coronavirus pandemic. Photo: Winson Wong
Slump in Hong Kong retail sales eases but outlook remains downbeat as Covid-19 fourth wave takes hold
- Consumption shrank to HK$27.4 billion in October, down 8.8 per cent year on year, but decline narrows from previous month
- As fourth wave of local epidemic is spreading widely and quickly, business environment may deteriorate again in near term, government warns
Hong Kong’s retail sector has been suffering amid the coronavirus pandemic. Photo: Winson Wong