Hong Kong retail sales slip 0.1% in August

HONG KONG (Reuters) – Hong Kong’s August retail sales slid 0.1% from a year earlier amid a high base of comparison, government data showed on Friday.

Sales decreased to HK$28.6 billion ($3.64 billion), having grown 4.1% in July.

In volume terms, retail sales fell 2.9% year-on-year in August. That compared with a revised 1.1% increase in July.

($1 = 7.8497 Hong Kong dollars)

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