October retail sales in HK bounced back up


(Source: Inside Retail Asia | December 1, 2018)

After a slowdown in September retail sales, Hong Kong has bounced back with a growth of 5.9 percent in October retail sales, year on year.

The growth which is more than double than the previous month’s record is supported by the faster increase in visitor arrivals and continued income growth, according to a government spokesperson.

The total value of October Hong Kong retail sales is pegged at HK$39.7 billion, based on the Census and Statistics Department (C&SD) estimate.

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