Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
HK Jun Value of Total Retail Sales Ease YoY Growth to 0.7%, Missing Forecast
Recommend 5 Positive 2 Negative 3 |
||||
|
||||
|
The Census and Statistics Department (C&SD) announced that the value of total retail sales in June 2025, provisionally estimated at $30.1 billion, increased by 0.7% compared with the same month in 2024, versus 1.4% rise in consensus. The revised estimate of the value of total retail sales in May 2025 increased by 2.4% compared with a year earlier. For the first half of 2025, it was provisionally estimated that the value of total retail sales decreased by 3.3% compared with the same period in 2024. Of the total retail sales value in June 2025, online sales accounted for 8.5%. The value of online retail sales in that month, provisionally estimated at $2.5 billion, increased by 8.4% compared with the same month in 2024. The revised estimate of online retail sales in May 2025 decreased by 1.2% compared with a year earlier. For the first half of 2025, it was provisionally estimated that the value of online retail sales decreased by 0.4% compared with the same period in 2024. A government spokesman said that retail sales showed signs of stabilization in recent months. The value of total retail sales increased further by 0.7% in June 2025 over the year. Looking ahead, the spokesman said continued increase in employment earnings, buoyant local stock market, coupled with the Government's proactive efforts in promoting tourism and mega events and also enterprises' strenuous effort in providing more diversified experiences would provide support to the consumption sentiment in the domestic market and businesses of the retail sector. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
