FOREX TradingCharts.com

Financial News: Hong Kong Retail Sales Decline Slows In September

Hong Kong Retail Sales Decline Slows In September

11/01/2019 - 07:48:00 (RTTNews)

(RTTNews) - Hong Kong's retail sales decline slowed in September, figures from the Census and Statistics Department showed on Friday.

The volume of retail sales fell 20.4 percent year-on-year in September, following a 25.2 percent decline in August.

The value of retail sales decreased 18.3 percent annually in September, following a 22.9 percent fall in the previous month. Economists had expected a 25.6 percent decline.

Sales of jewelry, watches and clocks, and valuable gifts declined 45.1 percent yearly in September and those of department stores, and clothing, footwear and allied products decreased by 25.5 percent and 23.2 percent, respectively.

"Retail sales saw another month of significant year-on-year decline in September, as the local social incidents continued to take a heavy toll on inbound tourism and consumption-related activities," a government spokesman said.

The volume of retail sales shrunk 19.5 percent year in the third quarter, which was roughly similar to the record decline in the third quarter of 1998.

Protests involving violence continue to deter tourists and reduce local consumption, and the subdued economic outlook also dampens consumer sentiment, the performance of retail sales is likely to stay weak in the near term, the spokesman added.

GDP data released on Thursday showed that the city's economy entered a recession for the first time in a decade and is set to log a contraction this year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Housing Starts Show Substantial Rebound In October (08 hr(s), 27 min(s), 48 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial rebound i ...Full Story»

OECD Growth Slows In Q3 (08 hr(s), 35 min(s), 48 sec(s) ago)
(RTTNews) - Economic growth in the OECD that comprises of 36 member countries slowed further in th ...Full Story»

U.S. Housing Starts Jump 3.8% In October (08 hr(s), 49 min(s), 48 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial rebound i ...Full Story»

Hungary Central Bank Keeps Rate Unchanged Again (09 hr(s), 06 min(s), 48 sec(s) ago)
(RTTNews) - Hungary's central bank left its benchmark interest rate unchanged on Tuesday, in l ...Full Story»

UK Manufacturing Orders Fall At Slower Pace: CBI (10 hr(s), 22 min(s), 48 sec(s) ago)
(RTTNews) - UK manufacturers continued to log a decline in orders in November but the pace of decr ...Full Story»

Portugal Producer Prices Fall For The Fifth Month (11 hr(s), 10 min(s), 48 sec(s) ago)
(RTTNews) - Portugal producer prices fell for the fifth month in a row in October, figures from St ...Full Story»

Eurozone Construction Output Rises In September (11 hr(s), 13 min(s), 48 sec(s) ago)
(RTTNews) - Eurozone's construction output rose for the first time in three months, data from ...Full Story»

Italy Industrial Orders Rise For Second Month (11 hr(s), 39 min(s), 48 sec(s) ago)
(RTTNews) - Italy's industrial orders rose for the second straight month in September, figures ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Housing Starts Show Substantial Rebound In October

11/19/2019 - 09:08 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial rebound i ...Full Story>>

OECD Growth Slows In Q3

11/19/2019 - 09:00 AM (RTTNews)
(RTTNews) - Economic growth in the OECD that comprises of 36 member countries slowed further in th ...Full Story>>

U.S. Housing Starts Jump 3.8% In October

11/19/2019 - 08:46 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial rebound i ...Full Story>>

Hungary Central Bank Keeps Rate Unchanged Again

11/19/2019 - 08:29 AM (RTTNews)
(RTTNews) - Hungary's central bank left its benchmark interest rate unchanged on Tuesday, in l ...Full Story>>

UK Manufacturing Orders Fall At Slower Pace: CBI

11/19/2019 - 07:13 AM (RTTNews)
(RTTNews) - UK manufacturers continued to log a decline in orders in November but the pace of decr ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.