7-5-2018
The sales of jewellery, watches and clocks, and valuable gifts in Hong Kong up 23 percent yoy to HK$ 6.84 million, according to data from the Census and Statistics Department.
“Hong Kong’s retail sales sustained a double-digit year-on-year increase in March, [driven] by upbeat local consumer sentiment under generally favourable economic conditions, and the continued appreciable increase in visitor arrivals,” a Hong Kong government spokesperson said. “Looking ahead, the outlook for retail sales should stay sanguine in the near term, given the positive employment and earnings prospects, and the buoyant inbound tourism,” the spokesman added.
The value of total retail sales increased by 14.3 percent and the sales of jewellery, watches, clocks and other valuable gifts jumped 22 percent to HK$ 22.96 million for the first quarter of 2018. With reference to the Hong Kong Tourism Board, the total number of tourists to Hong Kong rose 10 percent yoy for the quarter, over half of them came from mainland China. (Photo courtesy: Hong Kong Tourism Board)
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