Hong Kong's retail sales growth moderated in March after accelerating in the previous month, preliminary data from the Census and Statistics Department showed on Wednesday.
The value of retail sales grew 12.8 percent year-on-year in March, slower than the 19.3 percent surge in February, which was the strongest growth since June 2023. Moreover, this was the fastest growth since June 2023, when sales grew 19.5 percent.
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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.