Retail sales in Hong Kong surge.
Xinhuanet attributed the information to the Hong Kong Census and Statistics Department (C&SD).
Clearly, a rise in retail sales of this magnitude demonstrates quite positive consumer sentiment. C&SD said that the figures ought to be adjusted for the fact that the Lunar New Year, a major holiday, fell in January 2006 but in February 2005. Even with the adjustment, retail sales were up 10.5 percent.
In terms of high performing product categories, sales of footwear, allied products and other clothing accessories increased 30.8 percent. Jewelry, watches, clocks and other valuable gifts fell 7.7 percent. Vehicle sales declined 2.1 percent.
|Printer friendly Cite/link Email Feedback|
|Publication:||Market Asia Pacific|
|Article Type:||Brief article|
|Date:||Mar 1, 2006|
|Previous Article:||Confidence among Australia's consumers.|
|Next Article:||Two marketing views of Indian women.|
|Lee Hamilton and Peter Lai visit Canada's corporate community (as a complement to the Canadian Insitute of International Affairs annual briefing to...|
|TOURISTS TO BOOST HONG KONG RETAIL SALES.|
|LIVING OFF PLASTIC IN HONG KONG.|