Economics

Hong Kong Retail Sales Fall After Brief Rebound From Covid

May sales value fell 1.7% when economists expected 8.4% rise
Economic recovery has been weaker than expected so far: BE

A shopping mall in the Mong Kok district of Hong Kong.
Photographer: Chan Long Hei/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Krystal Chia

June 30, 2022 at 9:30 AM UTC

Updated on

June 30, 2022 at 10:10 AM UTC

This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Hong Kong’s retail sales unexpectedly dropped in May, erasing an earlier rebound as the city struggles to build momentum for a recovery from its brutal Covid outbreak earlier this year.