Total retail sales down 1.2% YoY in June
Total value for retail sales was $27.7b.
The value of total retail sales decreased 1.2% to $27.7b in June 2022 compared with the same period in 2021, the Census and Statistics Department (C&SD) said.
According to C&SD, a government spokesman said the retail sales improved in the second quarter with its value rebounding from the first quarter to mild year-on-year growth.
But the momentum softened in the latter part of the quarter along with increased infections and interest rate hikes by major central banks.
Of the total retail sales, online sales was over 8.2% with an estimated value of $2.3b, which is up 0.5% from June 2021.
Per retail outlet type, the value of sales in supermarkets decreased by 0.3%. Followed by sales in department stores which was down by 2.4%, wearing apparel (-4.0%), electrical goods and other consumer durable goods not elsewhere classified (-13.3%); medicines and cosmetics (-1.7%); motor vehicles and parts (-10.9%); furniture and fixtures (-1.8%); and footwear, allied products and other clothing accessories (-8.6%).