Hong Kong September Retail Sales Fall 6.9%

November 1, 2024

HONG KONG (Reuters) - Hong Kong's September retail sales fell 6.9% from a year earlier, reflecting the continued impact of a change in consumption patterns, government data showed on Friday. Sales fell to HK$29.6 billion ($3.81 billion) in a seventh consecutive month of decline after a revised 10.0% decline in August, a 11.7% fall in July, a 9.7% fall in June, a 11.5% drop in May, a 14.7% drop in April and a 7% decline in March. "The near-term performance of the retail sector would continue to be affected by the change in consumption patterns of residents and visitors," a government spokesman said, adding China's stimulus measures, amon...