May retail sales data (percent change from a year earlier):
May April March February January December Nov Value: 8.8 11.4 17.1 15.6 14.9 23.5 23.4 Volume: 5.8 7.6 13.2 10.1 9.1 17.1 16.9
– In the three months through May, the volume of sales rose by 2.8 percent, seasonally adjusted, from the preceding three months.
– For a breakdown of May retail sales click on
A government spokesman said retail sales recorded solid, albeit slower, growth in May over a year earlier. Despite a difficult external environment, local consumption demand and tourist spending were still fairly resilient. While job market conditions and inbound tourism would continue to support retail businesses, the adverse external environment amid the European debt crisis could weigh on consumer sentiment.
Category: Hong Kong