HONG KONG, Feb 3 (Reuters) – Hong Kong’s December retail sales by value fell by 9.7% from a year earlier, reflecting the impact of residents’ increased outbound trips during the holidays, government data showed on Monday.
Sales fell to Forum Syair HK$32.8 billion ($4.21 billion), a tenth month of declines after a 7.3% drop in November.
In volume terms, December retail sales fell 11.5% from a year earlier, compared with a revised 8.4% decline in November. ($1 = 7.7930 Hong Kong dollars) (Reporting by Hong Kong newsroom; Editing by Christian Schmollinger)