Economic Indicators
Hong Kong retail sales slip 0.1% in August
2022.09.30 05:07
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© Reuters. FILE PHOTO: People wearing protective masks walk inside the International Finance Center (IFC) shopping mall, following the coronavirus disease (COVID-19) outbreak in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/File Photo
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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