Helped by tourists, Hong Kong retail spending up for third straight month

Retail spending in Hong Kong improved in May, registering 0.5 per cent growth, on stronger inbound tourism and local demand, with further improvements seen on the horizon. 

The latest figure marked the third straight month of growth after two years of decline, according to the Census and Statistics Department on Thursday.

Retail Management Association chairman Thomson Cheng Wai-hung welcomed the slight increase and agreed that better tourist numbers had helped.

Even though the sales rose 0.5 per cent to HK$35.9 billion, the total for the first five months was down 1 per cent from the same period last year.

More news, Helped by tourists, Hong Kong retail spending up for third straight month

Source : 
1) www.scmp.com