In September, retail sales rose 15.2% over the same month last year. The print was below both the 20.7% expansion in August and market analysts' expectations, which had retail sales expanding a stronger 20.5%. The reading reflected slower growth in sales across all main categories. In seasonally adjusted terms, retail sales rose 2.8% in the three-month period ending in September compared to the previous period ending in June, which was below the 3.5% increase recorded in August. A government spokesman stated that domestic demand as well as robust tourist spending would continue to buttress consumption.
Hong Kong Retail
Retail sales decelerate but continue to grow at double-digit pace
November 1, 2011
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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.