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Reuters Published January 3, 2025 Reading time
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Hong Kong November retail sales fall 7.3% in value

By
Reuters Published
January 3, 2025

Hong Kong's November retail sales fell 7.3% by value from a year earlier, reflecting a change in consumption patterns and the relatively strong Hong Kong dollar, government data showed on Thursday.

Sales fell to HK$31.7 billion ($4.08 billion) in a ninth consecutive month of decline after a revised 2.8% drop in October.
"The change in consumption patterns of visitors and residents will continue to weigh on the performance of the retail sector," a government spokesperson said.

Sales fell despite a rise in tourist numbers, as shoppers spent less and fewer visitors from mainland China stayed over.