AUGUST RETAIL SALES UP 11 PERCENT IN HONG KONG

AUGUST RETAIL SALES UP 11 PERCENT IN HONG KONG

The value of retail sales in August was a provisional HK$16.1 billion (US$2.1 billion), up 11 percent from the same month last year, Census and Statistics Department data showed.

In July, retail sales were HK$15.8 billion (US$2.04 billion), up 16 percent year on year.Retail sales volume was up 4.0 percent in the year to August after discounting for the effects of price changes over the period. Retail sales volume was up 9.0 percent in July.