FOREX TradingCharts.com

Financial News: Hong Kong Retail Sales Growth Eases More Than

Hong Kong Retail Sales Growth Eases More Than Forecast

08/30/2018 - 05:47:00 (RTTNews)

(RTTNews) - Hong Kong's retail sales growth eased at a faster-than-expected pace in July, preliminary data from the Census and Statistics Department showed Thursday.

The value of retail sales advanced 7.8 percent year-over-year in July, slower than the 11.9 percent spike in June. Meanwhile, economists had forecast the growth to moderate to 9.7 percent.

Similarly, the volume of retail sales grew 5.9 percent annually in July, well below the 9.8 percent rise in June. The expected growth was 7.5 percent.

The value of sales of jewelery, watches and clocks, and valuable gifts grew the most by 16.8 percent annually in July. Meanwhile, sales of books, newspapers, stationary and gifts fell by 1.4 percent.

"Looking ahead, favorable labor market conditions and sustained expansion in inbound tourism should continue to support retail sales performance in the near term," a government spokesman said.

"However, consumer sentiment may turn less sanguine going forward if the external uncertainties persist or escalate further."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Westpac Leading Index Signals Slowing Growth Momentum (10 min(s), 55 sec(s) ago)
(RTTNews) - Australia's leading index signaled a slowing growth momentum into the second half ...Full Story»

European Economics Preview: UK Inflation Data Due (38 min(s), 55 sec(s) ago)
(RTTNews) - Consumer and producer prices from the UK and current account from euro area are due on ...Full Story»

Malaysia's Inflation Eases More Than Forecast (01 hr(s), 02 min(s), 55 sec(s) ago)
(RTTNews) - Malaysia's inflation eased more-than-expected in August on fuel cost, figures from ...Full Story»

BoJ Maintains Monetary Stimulus (01 hr(s), 25 min(s), 55 sec(s) ago)
(RTTNews) - The Bank of Japan kept its ultra-loose monetary policy unchanged, as widely expected, ...Full Story»

Japan Has Y444.594 Billion Trade Shortfall (27 min(s), 05 sec(s) ago)
(RTTNews) - Japan posted a 444.594 billion yen trade deficit in August, the Ministry of Finance sa ...Full Story»

New Zealand Q2 Current Account Deficit NZ$2.7 Billion (27 min(s), 05 sec(s) ago)
(RTTNews) - New Zealand's seasonally adjusted current account deficit fell to NZ$2.7 billion f ...Full Story»

Japan Interest Rate Decision Due On Wednesday (12 min(s), 05 sec(s) ago)
(RTTNews) - The Bank of Japan will wrap up its monetary policy meeting on Wednesday and then annou ...Full Story»

U.S. Homebuilder Confidence Holds Steady In September (33 min(s), 05 sec(s) ago)
(RTTNews) - Homebuilder confidence in the U.S. remained firm in the month of September, according ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Westpac Leading Index Signals Slowing Growth Momentum

09/19/2018 - 01:37 AM (RTTNews)
(RTTNews) - Australia's leading index signaled a slowing growth momentum into the second half ...Full Story>>

European Economics Preview: UK Inflation Data Due

09/19/2018 - 01:09 AM (RTTNews)
(RTTNews) - Consumer and producer prices from the UK and current account from euro area are due on ...Full Story>>

Malaysia's Inflation Eases More Than Forecast

09/19/2018 - 00:45 AM (RTTNews)
(RTTNews) - Malaysia's inflation eased more-than-expected in August on fuel cost, figures from ...Full Story>>

BoJ Maintains Monetary Stimulus

09/19/2018 - 00:22 AM (RTTNews)
(RTTNews) - The Bank of Japan kept its ultra-loose monetary policy unchanged, as widely expected, ...Full Story>>

Japan Has Y444.594 Billion Trade Shortfall

09/18/2018 - 20:15 PM (RTTNews)
(RTTNews) - Japan posted a 444.594 billion yen trade deficit in August, the Ministry of Finance sa ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.