Hong Kong’s retail sales rose for a 14th consecutive month in January as tourism continued to improve, official data showed on Friday.
Sales increased 0.9 percent year-on-year to HK$36.5 billion (US$4.7 billion) in January, the Hong Kong government said. That compared with a 7.8 percent growth in December, 15.9 percent jump in November and a 5.8 percent rise in October.
“Continued increase in visitor arrivals alongside further recovery of handling capacity and organization of mega events would bode well for retail businesses,” a government spokesman said, adding government initiatives to boost consumption should also provide support.
In terms of volume, retail sales decreased 1.2 percent in January, compared with 4.8 percent increase in December, 12.4 percent growth in November, a 2.9…
