Hong Kong's retail sales growth moderated in January to the lowest level in five months, preliminary data from the Census and Statistics Department showed on Wednesday.
The value of retail sales climbed 5.5 percent year-on-year in January, slower than the 6.6 percent rise in December. Moreover, this was the weakest growth since August 2025, when sales rose 3.9 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.