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Coronavirus: Hong Kong retail sales drop 23.1 per cent but supermarkets buck trend again

Hong Kong’s retail sales shrank 23.1 per cent year on year in July, marking the 18th straight month of contraction, as the third wave of coronavirus infections continued to pummel the struggling sector.Consumer spending dropped to HK$26.5 billion (US$3.4 billion) in July, contributing to the 32.1 per cent fall in sales for the first seven months of the year, from the same stretch in 2019, according to provisional figures released by the Census and Statistics Department on Tuesday.Business brisk…

Read the original article at South China Morning Post

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