RTTNews - Monday, Hong Kong's Census and Statistics Department said in a report that the retail sales value dropped 4.4% year-over-year in April, compared with a revised 7.7% fall in the previous month. Economists were looking for a decline of 6.5%.

In volume terms, retail sales decreased 5.5% on an annual basis in April, after falling 9.2% decline in March, revised from 9.3% reported initially. Economists had expected a decline of 7.2%.

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