# Hong Kong May retail sales rise 18.4%, sixth month of growth
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-07-03
Category: Uncategorized
Category URL: https://financedigest.com/category/uncategorized
Meta Title: Hong Kong Retail Sales Surge 18.4% in May
Meta Description: Discover how Hong Kong's May retail sales increased 18.4% due to inbound tourism and positive consumption sentiment. Find out more about the latest
URL: https://financedigest.com/hong-kong-may-retail-sales-rise-18-4-sixth-month-of-growthhtml

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HONG KONG (Reuters) – Hong Kong’s May retail [sales](https://www.financedigest.com/more-than-a-fifth-of-cars-sold-in-eu-in-august-were-full-evs-acea.html) rose 18.4% from a year earlier thanks to the revival of inbound tourism and positive consumption sentiment, government data showed on Monday.

Sales increased to HK$34.5 billion ($4.40 billion), marking a sixth consecutive month of growth. That compared with a revised 14.9% rise in April.

In volume terms, retail sales increased 16.5% year-on-year in May. That [compared with a revised 13.1% growth](https://www.financedigest.com/growth-vs-value-investing-comparing-investment-approaches.html "Growth vs. Value Investing: Comparing Investment Approaches") in April.

($1 = 7.8342 Hong [Kong](https://www.financedigest.com/will-hong-kong-remain-the-jurisdiction-of-choice-for-offshore-banking.html) dollars)

(Reporting by Donny Kwok and Twinnie Siu; Editing by Philippa Fletcher)


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