How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
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.
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Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
