Consumer spending picks up in Hong Kong, with retail sales rising 5.6% in August

Hong Kong’s retail sales rose by 5. 6 per cent year on year in August, with the latest figures showing consumer spending picking up after growth eased for two consecutive months.

Retail sales value reached HK$32 billion (US$4. 1 billion), according to provisional figures released by the Census and Statistics Department on Friday. Sales in the first eight months of the year rose by 8. 5 per cent compared with the same…