Thursday, April 04, 2013

So It's Only A 15.5% Gain

Hong Kong's statistics authority reports that the volume of retail sales rose 21.9% in February compared to February 2012. However, it cautions that one should be cautious in interpreting January or February numbers separate due to the potential distortive effects of the timing of the Lunar New Year holiday, and that one should therefore look at January-February as a whole. After that adjustment, real retail sales only rose 15.5%.....


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