Hongkong'S Retail Sales Rose 15.7% In February, And Clothing Increased By 10.9%.

Hongkong's census and Statistics Department announced in March 29th that the value of total retail sales increased by 15.7% to 33 billion 800 million yuan in February.

The total volume of retail sales increased by 10.1% after the price changes were deducted during the period.

The Department said that the improvement of revenue and the booming tourism industry in Hong Kong should continue to support the retail business in the short term, but we should pay close attention to the downside risks of the external environment and its negative impact on the local economy and consumer confidence.

In the first two months of this year, the total retail sales value increased by 15.2%, while the total sales volume increased by 9.5%.

During the period, the sales volume of miscellaneous durable consumer goods rose the largest, recorded a year-on-year increase of 84.4%, and the sales volume of furniture and fixtures fell by 15.6%.

Other categories recorded include electrical and photographic equipment (51.1%), clothing (10.9%), department store products (7.7%), miscellaneous consumer goods (7.2%), supermarket goods (6.6%), jewellery and clocks and gifts (5.5%), fuel (3.4%), and automotive and automotive parts (0.7%).

The value of total retail sales in January this year was revised to 43 billion 200 million yuan, up 14.9% annually, and the total sales volume increased by 9.1%.

By the end of February this year, the total volume of retail sales increased by 0.3% in the three months seasonally adjusted.