empty
 
 

2020.09.3013:04:00UTC+00Hong Kong Retail Sales Continues To Fall

Hong Kong's retail sales continued to decline in August, albeit at a softer rate, figures from the Census and Statistics Department showed on Wednesday.

The retail sales volume declined 13.4 percent year-on-year in August, following a 23.8 percent decrease in July.

The value of retail sales decreased 13.1 percent annually in August, following a 23.1 percent fall in the preceding month.

Sales value of jewelry, watches and clocks, and valuable gifts declined 37.8 percent annually in August. Sales of clothing, footwear and allied products fell by 32.2 percent and those of other consumer goods decreased 22.4 percent.

"Retail sales remained weak in August amid the third wave of the local epidemic," a government spokesman said.

"Looking ahead, the spokesman further pointed out that as economic conditions remain under pressure and inbound tourism is unlikely to show any swift recovery in the near term, the business environment of the retail trade will remain difficult," the spokesman added.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback