December retail sales rise 23.4 pct yr/yr

03-Feb-2012 Intellasia | Reuters | 5:40 PM Print This Post

December retail sales data (percent change from a year earlier):

     December     November     October     Sep     August     July     Jun
 Value:    23.4    23.4^   23.0^   24.0    29.0    29.1    28.8
 Volume:   17.1    16.9    15.0    15.1    20.7    22.4    22.2

COMMENTARY:
A government spokesman said retail sales remained robust in December, showing notable year-on-year increases across a wide range of retail outlets. Retail sales maintained strong momentum throughout 2011 on the back of buoyant local consumption and tourist spending. The improved income conditions should augur well for the retail business in the near term, with the prevailing strength of inbound tourism rendering additional support.

 


Category: Hong Kong

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