Hong Kong May retail sales up 2.4% year-on-year
A shopper runs across the road outside Causeway Bay shopping mall in Hong Kong, China, December 26, 2019. REUTERS/Lucy Nicholson/File Photo
HONG KONG :Hong Kong's retail sales by value rose by 2.4 per cent in May from a year earlier, the first such increase in more than a year, government data showed on Wednesday.
Sales increased to HK$31.3 billion ($3.99 billion) in May, compared with April when retail sales fell 2.3 per cent compared with the same period a year before.
In volume terms, May retail sales increased 1.9 per cent from a year earlier, compared with a revised 3.3 per cent decline in April.
($1 = 7.8497 Hong Kong dollars)
Source: Reuters
