# Hong Kong May retail sales rise 18.4%, sixth month of growth
Published: 2023-07-03
Category: News
Category URL: https://business.express/category/news/
Meta Title: Hong Kong's May retail sales surge 18.4% year-on-year
Meta Description: May retail sales in Hong Kong surged 18.4% from a year earlier, driven by tourism revival and positive consumption sentiment. Sixth month of growth.
URL: https://business.express/hong-kong-may-retail-sales-rise-18-4-sixth-month-of-growth/

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HONG KONG (Reuters) – Hong Kong’s May retail sales rose 18.4% from a year earlier thanks to the revival of inbound tourism and positive consumption sentiment, government data showed on Monday.

Sales increased to HK$34.5 billion ($4.40 billion), marking a sixth consecutive month of growth. That compared with a revised 14.9% rise in April.

In volume terms, retail sales increased 16.5% year-on-year in May. That compared with a revised 13.1% growth in April.

($1 = 7.8342 Hong Kong dollars)

(Reporting by Donny Kwok and Twinnie Siu; Editing by Philippa Fletcher)


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