Hongkong'S Total Retail Sales Volume Increased By 12.6% In August.
The latest figures on retail sales released by the census and Statistics Department of Hongkong show that in August 2010,
Retail
The provisional estimate of total sales value is 26 billion 500 million yuan, up 16.9% annually.
The total retail sales in August 2010 increased by 14.7% compared with the same month last year.
The revised value of total retail sales in July 2010 was estimated at $27 billion 300 million, an annual increase of 19.2%, while the total sales volume increased by 16.2%.
Compared with the same period in 2009, the total sales value of retail sales increased by 17.9% in the first eight months of 2010, while the total sales volume increased by 14.9%.
According to the main categories of stores, the number of sales of miscellaneous consumer durables increased by 55.7% in August 2010 compared with August 2009.
Followed by auto and auto parts (retail sales increased by 49.6%), jewelry
jewelry
Watches and clocks and precious gifts (up 29.6%), electrical appliances and photographic equipment (up 21.3%).
clothing
(increased by 12.6%), miscellaneous consumer goods (up 11.1%), furniture and fixtures (up 9.8%), footwear, related products and other clothing accessories (up 7.6%), department store products (up 4.9%), food, alcoholic beverages and tobacco (up 4.5%), supermarket goods (up 4.2%), and fuel (up 3.5%).
Compared with the previous three months, the total retail sales volume of seasonally adjusted retail sales increased by 2.2% in the three months ending August 2010.
A spokesman for the Hongkong government said retail sales continued to grow strongly in August, reflecting strong local consumer spending.
The booming growth of tourism in Hong Kong will also help to promote the performance of the retail industry.
The spokesman also pointed out that looking forward to the future, the improvement of income and employment situation, coupled with the booming tourism industry, should continue to benefit the retail business.
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