Retail sales inch up 0.7% YoY in June

Of the total sales value, online sales accounted for 8.5% at $2.b.

Retail sales, provisionally estimated at $30.1b, increased by 0.7% year-on-year in June, according to the Census and Statistics Department.

However, after netting out the effect of price changes, the provisional estimate of total retail sales decreased by 0.3% YoY.

Of the total sales value, online sales accounted for 8.5% at $2.b, increasing by 8.4% YoY.

By type of retail outlet, the value of sales of jewellery, watches and clocks, and valuable gifts increased by 6.8%.

This was followed by sales of other consumer goods not elsewhere classified (+7.2%); commodities in supermarkets (+0.4%); medicines and cosmetics (+6.0%); commodities in department stores (+5.7%); and optical shops (+1.0%).

On the other hand, the value of sales of wearing apparel decreased by 4.3% YoY, followed by sales of food, alcoholic drinks and tobacco (-1.5%); electrical goods and other consumer durable goods not elsewhere classified (-9.3%).

Decreases were also recorded in motor vehicles and parts (-6.0%); fuels (-8.7%); furniture and fixtures (-16.3%); footwear, allied products and other clothing accessories (-7.2%); Chinese drugs and herbs (-2.0%); and books, newspapers, stationery and gifts (-4.7%).