Hong Kong's retail sales value increased for the first time in more than a year in May, preliminary data from the Census and Statistics Department showed on Wednesday.
The value of retail sales rose 2.4 percent year-on-year in May, reversing a 2.3 percent drop in March. Moreover, this was the first growth since March 2024.
Online sales, which accounted for 8.0 percent of the total sales value in April, increased by 0.3 percent from last year versus a 3.7 percent decline in the previous month.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.