Hong Kong May retail sales rise 18.4%, sixth month of growth
HONG KONG (Reuters) – Hong Kong’s May retail sales rose 18.4% from a year earlier thanks to the revival of inbound tourism and positive consumption sentiment, government data showed on Monday.
Sales increased to HK$34.5 billion ($4.40 billion), marking a sixth consecutive month of growth. That compared with a revised 14.9% rise in April.
In volume terms, retail sales increased 16.5% year-on-year in May. That compared with a revised 13.1% growth in April.
($1 = 7.8342 Hong Kong dollars)
(Reporting by Donny Kwok and Twinnie Siu; Editing by Philippa Fletcher)