Hong Kong's August retail sales fell 10.1% from a year earlier, government data showed, reflecting a relatively strong Hong Kong dollar, the changing consumption patterns of residents and their increased travel abroad during holidays.

Australian retail sales were much stronger than expected in August as the impact of income-tax cuts in July fed through to spending, while unusually warm weather lifted clothing and cafe sales.

Provisional data from the CSO indicates retail sales volumes fell by 1.5 per cent in the month and 2.5 per cent in the 12 months to the end of August, while the value of retail sales declined by 1.6 per cent in the month and 2.2 per cent on the year.

Australian retail sales rebounded by more than expected in August after a soft July as unusually warm weather brought forward spring spending, a possible sign consumers are dipping into extra income from recent sizable tax cuts.

New figures from the Central Statistics Office show that the volume of retail sales decreased by 1.5% in August and was down by 2.5% on the same month last year.

Hong Kong’s retail sales declined for a sixth straight month in August, falling by 10.1 per cent year on year as changing consumer patterns, including the trend of residents heading across the border for shopping and entertainment,

Canton Road saw a significant shift in tenant mix. Hong Kong’s retail market continued to contract according to a recent Knight Frank report, as more locals continued to go north or travel abroad during the summer break.

Total retail sales value fell 11.8% to $29.1b in July. Hong Kong’s retail market continued to contract as more locals travel abroad, according to Knight Frank. Total retail sales value plunged 11.8% year-on-year (YoY) to $29.