Hong Kong retail sales rose for the eighth month in a row in July

Hong Kong’s July retail sales rose 16.5 percent from a year earlier helped by an increase in visitor arrivals and positive consumption sentiment, government data showed on Thursday.

Sales increased to HK$33 billion, marking an eighth consecutive month of growth. That compared with a revised 19.5 percent rise in June.

In volume terms, retail sales increased 14 percent year-on-year in July, compared with a revised 17.4 percent of growth in June.