Hong Kong's retail sales down 3.9 percent in December
(MENAFN) Hong Kong's statistics department said the value of total retail sales in December 2014 dropped 3.9 percent to USD6.2 billion over the same period a year ago, Xinhua reported.
The sales of medicines and cosmetics increased 4.2 percent on-year in the month, followed by food, alcoholic drinks and tobacco up 7.4 percent and consumer durable goods rising 18.6 percent.
However, sales of jewelry, watches and valuable gifts dropped 16.3 percent, followed by wearing apparel by 3.8 percent, electrical goods and photographic equipment went down by 4.4 percent.
Retail sales returned to an annual decline in December 2014, dragging mainly by a wider fall in the sales of jewelry, watches and clocks, and valuable gifts, possibly reflecting the sluggish visitor spending.
The sales of medicines and cosmetics increased 4.2 percent on-year in the month, followed by food, alcoholic drinks and tobacco up 7.4 percent and consumer durable goods rising 18.6 percent.
However, sales of jewelry, watches and valuable gifts dropped 16.3 percent, followed by wearing apparel by 3.8 percent, electrical goods and photographic equipment went down by 4.4 percent.
Retail sales returned to an annual decline in December 2014, dragging mainly by a wider fall in the sales of jewelry, watches and clocks, and valuable gifts, possibly reflecting the sluggish visitor spending.
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