HK Retail Sales Rise China Oil Demand Up

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Market Update :

HK Retail Sales Rise, China Oil Demand Up

Author: 123jump.com Staff
123jump.com
Last Update: 3:44 PM EDT April 30 2008

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Hong Kong retail sales in March surge 20% and in the first quarter rose 17%, lifted by a 29% surge in auto related sales. Separately China reported crude oil consumption in the first quarter rose 8% to 91.8 million tons and consumption of petrol, diesel and kerosene rose 16.5%. Crude oil production in China rose only 2.2%.

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