Hong Kong's retail sales continued to fall in May, weghed by the decrease in the demand for luxury goods amid weakness in tourist spending.
The city's retail sales fell 0.1 percent to HK$39 billion ($5 billon) in May from a year earlier,the census and statistics Department said in June 29.The rate of decline improved from April's 2.2 percent fall.
Retail sales by volume rose 4.6 percent in may from a year earlier accelerating from April's 2.4 percentm.In the three months through May,the value of total retail sales was down by 5.3 percent