HK June retail sales rise 11pct yr/yr

04-Aug-2012 Intellasia | AFP | 7:01 AM Print This Post

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

CONTEXT:

– In the second quarter of 2012, the volume of total retail sales rose by 1.9 percent, seasonally adjusted, from the preceding quarter.

– For a breakdown of June retail sales click on

COMMENTARY:

A government spokesman said growth of retail sales picked up in June, having moderated in the previous months, thanks to resilient local consumption and also to a jump in visitor arrivals in that month.

The spokesman said retailers should continue to benefit from still-vibrant job market conditions and further expansion of inbound tourism in the near term. But he said authorities should remain alert to potential negative spillovers from the difficult external environment. 

             Jun     May     April     March     February     January     Dec 

  Value:     11.0     8.7^   11.4    17.1    15.6    14.9    23.5 

   Volume:     8.5     5.7^    7.6    13.2    10.1     9.1    17.1

http://in.reuters.com/article/2012/08/02/hongkong-economy-retail-idINH9E8IJ06C20120802

 


Category: Hong Kong

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