Hong Kong's Retail Sales Decline for Ninth Month, November Sees 7.3% Year-on-Year Decrease - PRESS AI WORLD
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Hong Kong's Retail Sales Decline for Ninth Month, November Sees 7.3% Year-on-Year Decrease

share-iconPublished: Friday, January 03 share-iconUpdated: Friday, January 03 comment-icon11 months ago
News sources:
SCMP
Hong Kong's Retail Sales Decline for Ninth Month, November Sees 7.3% Year-on-Year Decrease

Credited from: SCMP

  • Hong Kong's retail sales decreased for the ninth consecutive month in November, down by 7.3% year on year.
  • The total value of retail sales in November was estimated at HK$31.7 billion.
  • Factors affecting sales include shifts in consumption patterns and a strong Hong Kong dollar.
  • Specific areas showing poor performance include motor vehicles and parts (-34.4%) and furniture and fixtures (-20.5%).
  • Despite overall declines, supermarket goods sales rose by 3.5% in November.

For more details, visit the original article at South China Morning Post.

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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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