KONTAN.CO.ID - HONG KONG. Hong Kong's retail sales climbed for the sixth straight month in July, helped by a stabilising COVID-19 situation and an improved labour market along with an economic recovery.
Retail sales in July rose 2.9% from a year earlier to HK$27.2 billion ($3.50 billion), government data showed on Tuesday. July's increase compared with 5.8% growth in June.
"The electronic consumption vouchers that the government began to disburse in August have helped stimulate consumption sentiment and will render support to the retail business in the rest of the year," a government spokesman said, referring to electronic vouchers given to certain consumers to spend in retail stores.