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Hong Kong Feb Retail Sales Jump 19.3%, Seen Support From Visitor Growth
Visitor arrivals rose 40.2% as jewellery and clothing sales led gains, while officials said holidays and events boosted spending.
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3 Articles
Hong Kong Feb retail sales jump 19.3%, seen support from visitor growth
April 1 - Hong Kong's retail sales by value jumped 19.3 per cent in February from a year earlier, the 10th month of gains, with sales by most broad types of retail outlet registering growth, government data showed on Wednesday.* It was the biggest percentage rise since June 2023, when retail sales jumped 19.5
Hong Kong's total retail sales value in February was provisionally estimated at HK$35 billion, up 19.3% year-on-year; after adjusting for price changes, the year-on-year increase was 17.5%. Annie Tse, Chairperson of the Hong Kong Retail Management Association, stated that the combined retail sales for the first two months of this year increased by 11.8% year-on-year, reflecting an improved consumer sentiment. She analyzed that the automotive and…
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