# Hong Kong May retail sales rise 18.4%, sixth month of growth
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2023-07-03
Category: News
Category URL: https://fintechherald.com/category/news
Meta Title: Hong Kong retail sales soar 18.4% in May
Meta Description: Discover the latest data showing a sixth consecutive month of growth in Hong Kong's retail sector, driven by tourism and positive consumption sentiment.
URL: https://fintechherald.com/hong-kong-may-retail-sales-rise-18-4-sixth-month-of-growth

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## Hong Kong May retail sales rise 18.4%, sixth month of growth   HONG KONG (Reuters) – Hong Kong’s May retail sales rose 18.4% from a year earlier thanks to the revival of inbound tourism and positive consumption sentiment, government data showed on Monday.    Sales increased to HK$34.5 billion ($4.40 billion), marking a sixth consecutive month of growth. That compared with a revised 14.9% rise in April.    In volume terms, retail sales increased 16.5% year-on-year in May. That compared with a revised 13.1% growth in April.    ($1 = 7.8342 Hong Kong dollars)        (Reporting by Donny Kwok and Twinnie Siu; Editing by Philippa Fletcher)


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