Hong Kong Retail Association: Retail sales value in March fell by 3.5%, slightly narrowing, expected to stabilize after the second quarter.

According to the Zhixin Financial APP, Xie Qiuanyi, chairman of the Hong Kong Retail Association, said that the provisional estimate of retail sales value in March was 30.1 billion Hong Kong dollars, a decrease of 3.5% year-on-year, a slight narrowing. This is in the context of a low base of last year. She predicts that there is a chance for a stable trend after the second quarter, with slight increases recorded in some months.