HONG KONG: In the three months through August, the volume of sales was down by 0.1 percent, seasonally adjusted, from the preceding three months.
Retail sales grew moderately year-over-year earlier in August, supported mainly by the prevailing sanguine consumer sentiment amid a full-employment situation, a government spokesman indicated. The near-term outlook for retail sales should remain positive given the favourable job and income conditions and stabilisation of inbound tourism. However, various external uncertainties continue to be a concern.
