Hong Kong July retail sales rise 2.9% as pandemic threat eases
HONG KONG, Aug 31 (Reuters) – Hong Kong retail sales rose 2.9% in July from a year earlier, the sixth consecutive month of growth, as demand benefited from a stabilising of COVID-19 and an improved labour market along with an economic recovery.
Sales surged to HK$27.2 billion ($3.50 billion) in July, government data showed on Tuesday. They grew 5.8% in June.
In volume terms, retail sales jumped 0.9% year-on-year in July, compared with a revised 2.9% surge in June.
($1 = 7.7819 Hong Kong dollars)
(This story corrects June figure to 2.9%, not 2.8% in para.3)
Reporting by Donny Kwok and Twinnie Siu; Editing by Andrew Heavens
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