Hongkong: Sales Of Clothing Decreased By 13.5% In August This Year, And Footwear Declined By 4.4%.

In August this year, compared with August last year, sales of jewellery, clocks and precious gifts fell by 8.8%, clothing (13.5%), footwear, related products and other clothing accessories (down 4.4%).

According to the census and Statistics Department, the estimated value of total retail sales in August this year was 37 billion 900 million yuan, down 5.4% year-on-year.

In July this year, the revised estimate of total retail sales value fell by 2.9% annually.

Compared with the same period last year, the total retail sales value in the first eight months of this year dropped by 2.2%.

In August of this year, after the price change was deducted.

The total sales volume fell by 0.2% year-on-year.

The revision of the total retail sales volume in July this year is estimated to increase by 1.8% annually.

Compared with the same period last year, the total number of retail sales increased by 1.5% in the first eight months of this year.

According to the analysis of the sales value of the main categories of retailers from high to low, in August this year, compared with August last year, the sales value of jewellery, watches and clocks and precious gifts decreased by 8.8%, followed by the sale of goods in department stores (8.6% decline in sales value); clothing (down 13.5%); drugs and cosmetics (down 5.1%); food, alcoholic beverages and tobacco (down 10.2%); other unclassified consumer goods (down 10.8%); automotive and auto parts (down 6.5%); fuel (down 7.4%); newspapers, stationery and gifts (down 4.4%);

Related products and other clothing accessories (down 4.4%); furniture and fixtures (down 5.9%); Chinese medicine (down 17.4%); and optical stores (down 8.1%).

On the other hand, compared with the same month last year, the value of goods sold in supermarkets increased by 0.4% in August this year, followed by electrical appliances and photographic equipment (sales value increased by 3.9%), and miscellaneous durable consumer goods (up 50.2%).

A government spokesman pointed out that retail sales in August were further weakened and sales volume recorded a year-on-year decline.

This is partly due to the slowdown in the tourism industry in Hong Kong, and the recent sharp fluctuations in the stock market may also weaken consumer sentiment.

In addition, due to the emergence of Mid Autumn Festival at different times this year and last year (at the end of September this year and last year in early September), some related consumption was postponed, which further weakened the annual performance of retail sales in August.