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Hong Kong Retail May 2021

Hong Kong: Retail sales growth continues to ease in May

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%.

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