Sign in or Register
mask boys gangbang brooke marie nude film porno trans neri sexo com uma novinha
escort antalya
antalya bayan escort
Español Français Deutsch Italiano Português 汉语

Hong Kong unrest leads to largest-ever drop in retail sales

The Hong Kong Retail Management Association (HKRMA) has said total retail sales there fell by 23% in August compared to the same month last year.

It said this was largest decline for a single month on record, even worse than the decline in September 1998 at the height of the Asian Financial Crisis.

Official figures show retail sales for August 2019 of just over HK$29.3 billion. Sales of clothing, footwear and allied products were down by 32.1% compared to August 2018. HKRMA said it expects the drop in retail sales to continue in the coming months owing to “the substantial drop in inbound tourists and weak local consumption sentiment”.

Unrest began in Hong Kong on March 31, with large-scale protests beginning in June. 
HKRMA has forecast that September and October will show an even worse drop than August’s. For example, member companies have indicated that as many as 80% of their stores were closed on October 1 owing to city-wide protests.

Image: Wing1990hk 

Silvateam D cannot be held responsible for content if the language setting is changed from English. The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.

Copyright © 2020 Limited. All Rights Reserved.