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SpendingPulse Launches in Hong Kong; Report Shows Retail Sales Up 6.4% in December

The inaugural SpendingPulse report for Hong Kong shows that retail sales grew 6.4 percent in December, driven primarily by increases in healthy and beauty items and clothing. The new macro-economic report, which will be released monthly, provides the most complete overview of consumer spending in Hong Kong. It will be available to subscribers the third week of every month and will offer actionable insights on the clothing, grocery, health & beauty and jewelry industries. The report also includes an overall retail sales and price index, so that subscribers can understand whether spending growth is truly being driven by increased shopping or by inflation. To find out more about Hong Kong retail sales and the launch of SpendingPulse, read the full press release and watch Sarah Quinlan, senior vice president, Market Insights for MasterCard Advisors, discuss expectations for consumer spending leading up to the Chinese New Year.