Hong Kong Retail Sales Rise at Slower Pace on Tourism, Economy
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Hong Kong’s retail sales growth slowed for a third straight month as the threat of a global recession clouds the outlook for the labor market and consumption in the city.
Sales rose 23.1 percent in October from a year earlier to HK$34.2 billion ($4.4 billion), the government said on its website yesterday. That compares with a revised 24 percent gain in September and the median 20.5 percent estimate of nine economists in a Bloomberg News survey.