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Hong Kong May retail sales rise 18.4%, sixth month of growth
Global Banking and Finance Review
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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.
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)
Consumer perception is the way consumers view and interpret a brand or product, influencing their purchasing decisions.
Economic growth is the increase in the production of goods and services in an economy over a period, often measured by GDP.
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