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Although economic activity in the country fell marginally, activity in the Mainland accelerated in the first quarter of the year. GDP expanded by 0.7% on the previous three months, with consumer spending growing modestly. Higher retail spending was also evident in the second quarter as retail sales volumes growth (working day adjusted) turned positive in May (2.0%). The latest figures meant that volumes growth over the March-May period edged up by 1.8%.
Source : Cushman & Wakefield
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