Hong Kong June Retail Sales Up 0.1% by Value; Below Expectations
Hong Kong's retail sales by value edged up 0.1% in June from a year earlier amid a recovery in inbound tourism, the Census and Statistics Department said Wednesday.
The growth rate was lower than May's 0.4% rise and below the median 1.9% forecast of four economists surveyed earlier by Dow Jones Newswires. For the first half, the city's retail sales by value fell 0.6% from a year earlier.
Hong Kong's retail sales by volume rose 0.4% in June from a year earlier, decelerating from May's 0.6% increase, and was below the survey's median forecast of 1.7% rise.
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(END) Dow Jones Newswires
August 02, 2017 05:02 ET (09:02 GMT)