Thursday, July 24, 2014   

HK retail sales growth slows in December
(02-04 17:56)

Hong Kong retail sales expanded more slowly in December and badly missed economist's forecast, according to government figures.
Retail sales volume increased 6.1 percent in December from a year back, as compared to a 9.1-percent expansion in November, the Census and Statistics Department said. Economists had expected the growth to slow down to 7.3 percent.
Sales of jewelery, watches and clocks, and valuable gifts gained 15 percent, with sales in wearing apparel up 4.4 percent.
Overall retail trade gained 5.7 percent in value in December, missing market expectation of 7.2-percent growth. Retail sales value increased by 8.5 percent in November.
   
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