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Retail sales in Hong Kong soften

Hong Kong retail sales saw a modest increase of 0.9% in January, a slowdown from the revised 7.8% rise in December, attributed in part to the timing shift of the Lunar New Year. Government officials suggest combining January and February data for a clearer picture. Visitor arrivals, improving tourist capacity, and upcoming events are expected to support retail businesses, along with rising household income and government efforts to boost consumption sentiment. Jewelry, watches, apparel, furniture, and books saw growth, while supermarkets, food, alcohol, electrical goods, and department stores experienced declines.

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