The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: A muted growth outlook for Hong Kong's economy, underpinned by a slowing Chinese economy
and cooling property market, will weaken consumer sentiment, leading to a contraction of 16.6% in vehicle
sales in 2016.
? Vehicle sales will contract 16.6% in 2016
? A muted growth outlook for Hong Kong's economy will lead to a fall in consumer sentiment, translating
into less willingness to spend on big-ticket items.
? The cooling property market will have negative wealth effects on consumers, leading to a fall in spending
on new passenger car purchases.
? The muted construction sector and sluggish exports will lead to a fall in commercial vehicle demand.