Hong Kong Jan retail sales fall 13.6%

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The value of total retail sales in January, provisionally estimated at $32.6 billion, fell 13.6% compared with the same month in 2020, the Census & Statistics Department announced today.

After netting out the effect of price changes over the same period, the volume of total retail sales decreased 14.5% year-on-year.

The value of sales of commodities in supermarkets decreased 9%.

This was followed by sales of other consumer goods, not elsewhere classified (-0.3% in value); food, alcoholic drinks and tobacco (-16.3%); jewellery, watches and clocks, and valuable gifts (-31.7%); commodities in department stores (-17.4%); wearing apparel (-20.4%); medicines and cosmetics (-40.1%); fuels (-11.0%); footwear, allied products and other clothing accessories (-35.1%); books, newspapers, stationery and gifts (-15.0%); Chinese drugs and herbs (-22.7%); and optical shops (-25.5%).

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