Hong Kong retail sales continued to recover in June, marking the seventh consecutive month of growth as the territory welcomes more inbound tourists.
The sales for June were up 19.6 per cent year-on-year, reaching US$4.25bn and exceeding May’s 18.5 per cent increase.
A government spokesman said the outlook for retail sales remained favourable. “While visitor arrivals should increase further in the coming months, improved labour market conditions and the government’s various measures to boost the momentum of the economic recovery, such as the disbursement of consumption vouchers, should render support to local consumption demand.”
According to the Census and Statistics Department, online sales accounted for 6.7 per cent of overall retail turnover for June, which was down 3.3 per cent on the same month a year earlier. During the first half of this year, retail sales are up by 18.9 per cent in volume year on year.
