Hong Kong July Retail Sales Rise 2.9% As Pandemic Threat Eases | The Salesmark

Hong Kong July Retail Sales Rise 2.9% As Pandemic Threat Eases

Hong Kong July Retail Sales Rise 2.9% As Pandemic Threat Eases

Hong Kong retail sales rose 2.9% in July from a year earlier, the sixth consecutive month of growth, as demand benefited from a stabilizing of COVID-19 and an improved labor market along with an economic recovery.

Sales surged to HK$27.2 billion ($3.50 billion) in July, government data showed on Tuesday. They grew 5.8% in June.

In volume terms, retail sales jumped 0.9% year-on-year in July, compared with a revised 2.9% surge in June.

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