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In November, Hong Kong's retail sales tacked on for the ninth month, thus demonstrating their best surge since February 2015. It was caused by firm consumer demand as well as improved tourism, especially from mainland China.
In value terms November retail sales headed north 7.5% from 2016 to HK$38.7 billion, as government data revealed on Wednesday. In October, retail sales edged up 3.9%.
In volume terms, sales gained 6.9% from 2016 versus 3.6% surge in October.
In November, tourist arrivals rallied 7%, which is the highest percentage surge since March, with mainland tourists adding 8.6%, as the Hong Kong Tourism Board informed. As for mainland tourists, they hit 74% of the total.
For the first 11 months of the previous year, total visitor arrivals edged up 3.1%.
Hong Kong's retail sales keep reviving after diving for the third consecutive year in 2016 and also by the most in almost two decades, affected by the city's economic downturn as well as fewer tourists from China.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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