Published on 2/12/2019 2:53:59 PM | Source: Reuters

Hong Kong October retail sales drop 24.3% as protests persist

Posted in Top Stories| #World Market #Hong Kong

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

HONG KONG - Hong Kong's retail sales fell 24.3% in October from a year earlier as anti-government protest gripped the city.

Sales fell to HK$30.1 billion ($3.85 billion) in October, government data showed on Monday, a ninth consecutive month of decline. September's drop was a revised 18.2%.

In volume terms, retail sales in October fell 26.2%, compared with a revised 20.3% drop in September.

($1 = 7.8249 Hong Kong dollars)

(Reporting by Donny Kwok and Twinnie Siu; Editing by Alexander Smith)