0315 GMT [Dow Jones] PREVIEW: The value of Hong Kong's retail sales
likely rose 9.9% on year in May, slower than April's 11.4% rise,
according to the median forecast of five economists polled by Dow
Jones Newswires. By volume, retail sales likely rose 6.5% on year,
easing from April's 7.6% increase, the poll shows. Economists say the
city's economic slowdown weighs on the local spending. "I expect the
local retail business will continue to moderate in coming months as
the business environment turns sour in both Hong Kong and China amid
the uncertain global outlook," Bank of East Asia economist Paul Tang
says. The government is scheduled to release the data 0830
GMT.(chester.yung@dowjones.com)
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(END) Dow Jones Newswires
July 02, 2012 23:15 ET (03:15 GMT)
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