HK retail sales value rises 17.2 pct in Sept.

18:32, November 01, 2010      

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The provisionally estimated value of total retail sales in Hong Kong grew by 17.2 percent to 25.1 billion HK dollars in September this year, the Census and Statistics Department announced Monday.

After netting out the effect of price changes over the same period, the volume of total retail sales climbed 15.8 percent in September over a year earlier.

The relevant components of the Consumer Price Index are used as deflators.

From January to September, total retail sales reported a 17.9 percent and 15 percent year-on-year growth in value and volume.

A government spokesman says that retail sales remained robust in September and the near-term prospect should continue to be supported by better labor market conditions and vibrant inbound tourism.

Source: Xinhua

(Editor:燕勐)

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