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choi baccarat( Kong June retail sales rise 5.8% y\/y as pandemic threat eases


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Hong Kong retail sales rose 5.8% in June from a year earlier, the fifth consecutive month of growth, as demand benefited from a stabilising of COVID-19 and improved labour market but remained below pre-pandemic levels in the absence of tourism.

Sales surged to HK$28.1 billion ($3.61 billion) in June, government data showed on Monday. They grew a revised 10.4% in May.

In volume terms, retail sales jumped 2.8% year-on-year in June, compared with a revised 7.7% surge in May.

($1 = 7.7752 Hong Kong dollars) REUTERS



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