Hong Kong retail sales drop 23% as protests escalate

Bossini International Holdings

02/10/2019 09:39

HONG KONG, Oct 2 (Reuters) - Hong Kong's August retail sales
fell 23% from a year earlier, government data showed on
Wednesday, amid escalating anti-government protests that have
gripped the Chinese-ruled city for nearly four months.
    Retail sales fell to HK$29.4 billion ($3.75 billion) in
August, a seventh consecutive month of decline. July's drop was
11.4%. 
    In volume terms, retail sales in August fell 25.3%, compared
with a revised 13.1% drop in July.

($1 = 7.8396 Hong Kong dollars)

 (Reporting by Donny Kwok and Twinnie Siu; Editing by Anne Marie
Roantree and Andrew Heavens)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))