In June, retail sales rose 8.5% over the same month last year. The print came in above both the 5.7% expansion seen in May and market analysts expectations of a 5.7% increase. The reading showed stronger sales of durable goods as well as of clothing and footwear. In seasonally adjusted terms, retail sales added 1.9% in the three-month period ending in June compared to the previous period ending in March, which was below the 2.8% expansion recorded in May. A government spokesman noted that the retail business should continue to benefit from the still-vibrant job market conditions and further expansion of inbound tourism in the near term. The government expects full-year economic growth to range from 1.0% to 3.0%.
Hong Kong Retail
Retail sales accelerate in June
August 2, 2012
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Hong Kong Economic News
October 20, 2016
Inflation came in at 2.7% in September, which was markedly below August’s 4.3%—the largest reading in 17 months.
October 5, 2016
The Nikkei Hong Kong Purchasing Managers’ Index (PMI) released by IHS Markit rose from August’s 49.0 to 49.3 in September.
September 30, 2016
Hopes last month that a recovery in retail sales might be underway were dampened in August on the back of declining numbers of mainland tourists.
September 22, 2016
Inflation came in at 4.3% in August, which was notably above July’s 2.3%.
September 5, 2016
The Nikkei Hong Kong Purchasing Managers’ Index (PMI) released by IHS Markit climbed from July’s 47.2 to 49.0 in August.