HK August retail sales rise 4.5pct yr/yr

August retail sales data (percent change from a year earlier):

 

 

 

 

 

 

 

 

 

            Aug     Jul     Jun     May     Apr     Mar     Feb

 Value:      4.5     3.9^   11.0     8.7    11.4    17.1    15.6
 Volume:     3.2     1.4^    8.5     5.7     7.6    13.2    10.1

^ Revised
CONTEXT:
– In the three months through August, the volume of sales decreased slightly by 0.1 percent, seasonally adjusted, from the preceding three months.
– For a breakdown of August retail sales click on
COMMENTARY:
A government spokesman noted that retail sales volume posted a slightly faster year-on-year increase in August than in July, alongside a pick-up in visitor arrivals. However, the growth
rate remained slower than earlier this year.
The spokesman added that while labour market conditions were still favourable and sustained growth in tourism should continue to render some support to retailers, persistent weakness in
external trade and slower growth of the local economy may impact consumer sentiment.
LINK:
– To view the full details of retail sales data, see the Hong Kong government website at:
here

 

Category: Hong Kong