Retail sales in Aug rose 5.6%, marking 16th straight month of growth

Hong Kong's total retail sales in August rose 5.6% year-on-year, marking its 16 consecutive months of growth.

The provisional estimate of the city's total sales value stood at 32.1 billion dollars.

By major categories, durable consumer goods rose 14%, while jewellery, watches and luxury gifts increased about 12%.

Fuel prices have dropped about 12% year-on-year.

The government spokesperson says anticipating continued economic growth and rising overall income, they will help bolster local consumer confidence and spending.

As the number of visitors to Hong Kong continues to grow, with a series of major events on the way, the retail sector is expected to witness further boost.