Hong Kong retail sales fall in November, outlook challenging

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HONG KONG, Jan 4 (Reuters) - Hong Kong's November retail sales fell 4.2% from a year earlier, snapping two straight months of growth with tightened financial conditions weighing on local demand, government data showed on Wednesday.

Sales dropped to HK$29.5 billion ($3.77 billion). That compared with a revised 4% growth in October.

In volume terms, retail sales decreased 5.3% year-on-year in November. That compared with a revised 2.5% increase in October.

($1 = 7.8171 Hong Kong dollars)

Reporting by Donny Kwok; Editing by Andrew Heavens

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