Protest-hit Hong Kong's November retail sales drop 23.6%


By Reuters

HONG KONG - Hong Kong retail sales fell 23.6 percent in November from a year earlier as the impact of anti-government protests, now in their seventh month, weighed.

FILE PHOTO: Retailer stores inside a shopping mall in Hong Kong, China July 22, 2019. REUTERS/Tyrone Siu Retailer stores inside a shopping mall in Hong Kong, China July 22, 2019. (REUTERS/Tyrone Siu/FILE PHOTO/MANILA BULLETIN)

Sales fell to HK$30 billion ($3.86 billion), government data showed on Friday, a tenth consecutive month of decline.

October’s drop was a revised 24.4 percent.

In volume terms, retail sales fell 25.4 percent in November compared with a revised 26.4 percent drop in October.