Hong Kong Retail Sales Fall Eases In August

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Hong Kong retail sales value dropped 0.2% year-on-year in August to HK$22.7 billion, much slower than a revised 5.3% fall in the preceding month, the Census and Statistics Department said Tuesday. Economists expected a 3.5% fall.

After netting out the price effects, retail sales volume declined 1% , after a 5.2% fall in the previous month. Economists expected a 3.3% drop.

In the first nine months of the year, total retail sales decreased by 4.0% in value and 4.8% in volume when compared with the same period a year earlier.

(Market News Provided by RTTNews)