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Hong Kong October retail sales rise 3.9 pct yr/yr
November 30, 2017 / 8:41 AM / in 12 days

Hong Kong October retail sales rise 3.9 pct yr/yr

    Nov 30 (Reuters) - October retail sales data 
(percent change from a year earlier):
         2017                                        
          Oct   Sept   Aug   July  June  May   April
 Value    3.9   5.7^   2.7   4.0   0.1   0.4    0.1
 Volume   3.6   5.6^   3.2   4.5   0.5   0.6    -0.1
 
 ^ Revised

    CONTEXT:
    -- In the three months through October, the volume of sales
rose by 2.3 percent, seasonally adjusted, from the preceding
three months.

    COMMENTARY:
    A government spokesman said retail sales grew solidly over a
year earlier in October, thanks to optimistic consumer sentiment
and continued revival in inbound tourism.
    Looking ahead, the favourable income and employment
situation, together with the ongoing recovery of inbound
tourism, should continue to render support to retail business in
the near term. The government will continue to closely monitor
the situation, the spokesman said.


    LINK:
    -- To view the full details of retail sales data, see the 
Hong Kong government website at bit.ly/2AKe9MJ
    

 (Reporting by Twinnie Siu in HONG KONG; Editing by Sunil Nair)
  

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