Euro zone inflation reaches six-year maximum in October
In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…
Hong Kong retail sales demonstrate the highest surge in almost 3 years
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.
Similar
Weekly Cryptonews
The crypto market experienced huge losses during this week. What are the reasons?
Japanese exports rebound in October
In October, Japan's exports rebounded following dives provoked by a series of natural disasters…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
