Hong Kong: Retail sales growth continues to ease in May
June 30, 2021
Retail sales increased 7.8% year-on-year in May (April: +11.0% yoy). The figure largely reflected weaker growth in fuel and alcoholic drinks and tobacco sales.
That said, the trend improved, with the annual average variation of retail sales coming in at minus 4.0%, up from April's minus 7.5%.
Author: Steven Burke, Economist