Hong Kong Retail Sales Rise in August as Mainland China Tourists Return
- Sales by value increase 13.7% y/y: Census and Statistics Dept
- Spokesman attributes increase to uptick in tourists arriving
Shoppers in Hong Kong, China.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Hong Kong’s retail sales rose in August as mainland Chinese tourists returned to the city, providing an encouraging lift for an economy that’s been trying to revive its image as a shopping hub.
Retail sales by value rose 13.7% from a year ago, the Census and Statistics Department said Friday. That was less than the median estimate of a 15.8% increase in a Bloomberg survey of economists, and compares to a weak base from 2022 when the city still had some pandemic curbs.