HONG KONG — Hong Kong retail sales lost steam in June after a modest rebound in May, the latest data shows, indicating that the market is still struggling with a combination of weak domestic consumer sentiment, outbound travel and lukewarm tourist spending.
Sales totaled 30.1 billion Hong Kong dollars ($3.86 billion) for the month, up just 0.7% from a year earlier, compared with a 2.4% year-on-year increase in May, according to data released Thursday by the Census and Statistics Department.
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