August retail sales fall 23%
hkasc.org

The value of total retail sales in August, provisionally estimated at US$3.7 billion, fell 23% year-on-year. The plunge reflected the weak consumer sentiment amid subdued economic conditions, and the severe disruptions to inbound tourism and consumption-related activities caused by the local social incidents.The Government said retail sales had registered the steepest year-on-year decline for a […]

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