Hong Kong retail sales surge in August

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Source: Dukascopy
Hong Kong's retail sales growth accelerated in August, however at a lower-than-expected expansion rate, the Census and Statistics Department said on Thursday. Retail sales soared 3.2% on year, compared to an upwardly revised 1.4% rise in July. Economists estimated sales volume to increase 3.5%. On a seasonalized basis retail sales slid 0.1% in the three months through August.
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