Hong Kong Total Retail Sales Forecast: 18.4% YoY Growth in May 2023

2023-07-04 16:44:41

(Xinhua file photo: Hong Kong Special Administrative Region scenery, southern China, May 5, 2023.)

HONG KONG, July 4 (Xinhua) — The People’s Census and Statistics Bureau of the southern China Special Administrative Region of the Hong Kong Special Administrative Region on Monday Hong Kong Total Retail Sales Forecast Report for May up 18.4 percent year-on-year to about 34.5 billion Hong Kong dollars (about 153 billion baht).

Hong Kong’s total retail sales value continued to increase markedly in May compared to the previous year, a spokesman for the Hong Kong government said. This is a result of the recovery of inbound tourism and positive consumption trends. Total retail sales forecasts for April rose 14.9 percent year-on-year.

It is temporarily estimated that the total value of retail sales in Hong Kong During January-May an increase of 21 percent compared to the same period last year

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