February 4, 2020 / 8:50 AM / 18 days ago

Hong Kong December retail sales drop 19.4% y/y as protests hit

HONG KONG, Feb 4 (Reuters) - Hong Kong’s retail sales fell 19.4% in December from a year earlier, weighed down by anti-government demonstrations, now in their eighth month, as protesters roamed through shopping malls and clashed with police over the festive period.

For the whole of 2019, sales fell 11.1% from a year earlier to HK$431.2 billion.

For the month of December, sales fell to HK$36.2 billion ($4.66 billion), government data showed on Tuesday, the 11th consecutive month of decline. November’s drop was a revised 23.7%

In volume terms, retail sales in December fell 21.0%, compared with a revised 25.5% drop in November. ($1 = 7.7682 Hong Kong dollars) (Reporting by Donny Kwok and Twinnie Siu; Writing by Marius Zaharia; Editing by Alex Richardson)

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