Consumption High But Growth Outlook Uninspiring

BMI View: The outlook for Hong Kong's consumer sector is fairly uninspiring. The company's economic recovery is expected to moderate in 2011 meaning that there will not be any major demand fillip over the short term. A fairly weak demographic profile and a lack of consumer investment activity - as firms continue to position themselves to benefit from mainland growth - provide little additional cause for optimism. That said, high existing consumption levels and a sustained pick-up in tourist traffic should continue to provide some growth momentum to the sector, albeit

To read the full article, please choose one of the following options: