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Hong Kong Retail December 2023

Hong Kong: Retail sales growth moderates in December

Retail sales grew 4.8% in year-on-year terms in December, which followed November’s 12.4% increase. December’s notable downturn was largely due to a drop in food sales and a sharp slowdown in clothing sales.

Meanwhile, annual average retail sales growth rose to 14.7% in December (November: +14.3%).

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