HONG KONG (Reuters) – Hong Kong’s June retail sales rose 19.6% from a year earlier in the seventh consecutive month of growth thanks to a tourism recovery and positive consumption sentiment and the outlook is favourable, the city government said on Tuesday.
Sales increased to HK$33.1 billion ($4.25 billion). That compared with a revised 18.5% rise in May and 14.9% growth in April.
The government launched a promotional campaign in March called “Hello Hong Kong” after lifting all strict COVID-19 restrictions in the city, to bring back tourists and businesses. It launched a “Happy Hong Kong” campaign in late May to boost local spending and the economy.
“The outlook for retail sales remained favourable,” a government spokesperson said, adding that visitor arrivals should increase, while an improved labour market and government measures to boost the recovery should render support to consumption demand.
In volume terms, retail sales increased 17.5% year-on-year in June. That compared with a…
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