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Hong Kong April retail sales down 7 per cent

For the first four months of 2016 the total value of retail sales in Hong Kong decreased by 11.4 per cent compared with the same period in 2015.The value of retail sales in April 2016 was down 7.5 per cent compared with the same month of 2015.

In April 2016 compared with April 2015, the value of retail sales of jewelry, watches and clocks, and valuable gifts decreased by 16.6 per cent; clothing fell 5.9 per cent; electrical goods and photographic equipment was down 23 per cent; miscellaneous consumer durable goods fell 31.6 per cent; motor vehicles and parts fell 5.4 percent; footwear , allied products and other clothing accessories down 5.8 per cent; books, newspapers, stationery and gifts fell 9.4 per cent; medicine fell 0.9 per cent and optical shops fell 9.3 per cent.

On the other hand, in April 2016 compared with the same month in 2015, the value of retail sales of commodities in supermarkets increased by 2.4 percent; pharmaceutical and cosmetics increased by 1.7 per cent; food, alcoholic drinks and silt grass were up five per cent.

Up to three months of the end of April 2016, compared with the preceding three months, the value of total retail sales fell a seasonally adjusted 2.1 per cent while the volume of total retail sales fell by a seasonally adjusted 3.1 per cent.

 
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