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

Published January 3, 2020, 12:00 AM

by manilabulletin_admin

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.

 
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