The
Census and Statistics Department (C&SD) released today that the
value of total retail sales in January 2015, provisionally estimated at
$46.6 billion, decreased by 14.6% compared with the same month in 2014.
The revised estimate of the value of total retail sales in December 2014
decreased by 4.0% from a year earlier.
After netting out the effect of price changes over the same period, the volume of total retail sales in January 2015 decreased by 13.9% from a year earlier. The revised estimate of the volume of total retail sales in December 2014 decreased by 1.4% from a year earlier.
Analysed by broad type of retail outlet in descending order of value of sales and comparing January 2015 with January 2014, and also bearing in mind the effect due to the difference in the timing of the Lunar New Year as mentioned above, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 21.4% in January 2015 compared with a year earlier. This was followed by sales of wearing apparel (-12.8% in value); commodities in supermarkets (-13.1%); commodities in department stores (-11.3%); medicines and cosmetics (-0.1%); food, alcoholic drinks and tobacco (-8.7%); other consumer goods, not elsewhere classified (-10.5%); miscellaneous consumer durable goods (-44.1%); footwear, allied products and other clothing accessories (-19.0%); books, newspapers, stationery and gifts (-3.3%); fuels (-21.4%); Chinese drugs and herbs (-9.6%); and optical shops (-5.6%).
On the other hand, the value of sales of electrical goods and photographic equipment increased by 1.3% in January 2015 compared with a year earlier. This was followed by sales of motor vehicles and parts (+6.1% in value); and furniture and fixtures (+5.9%).
After netting out the effect of price changes over the same period, the volume of total retail sales in January 2015 decreased by 13.9% from a year earlier. The revised estimate of the volume of total retail sales in December 2014 decreased by 1.4% from a year earlier.
Analysed by broad type of retail outlet in descending order of value of sales and comparing January 2015 with January 2014, and also bearing in mind the effect due to the difference in the timing of the Lunar New Year as mentioned above, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 21.4% in January 2015 compared with a year earlier. This was followed by sales of wearing apparel (-12.8% in value); commodities in supermarkets (-13.1%); commodities in department stores (-11.3%); medicines and cosmetics (-0.1%); food, alcoholic drinks and tobacco (-8.7%); other consumer goods, not elsewhere classified (-10.5%); miscellaneous consumer durable goods (-44.1%); footwear, allied products and other clothing accessories (-19.0%); books, newspapers, stationery and gifts (-3.3%); fuels (-21.4%); Chinese drugs and herbs (-9.6%); and optical shops (-5.6%).
On the other hand, the value of sales of electrical goods and photographic equipment increased by 1.3% in January 2015 compared with a year earlier. This was followed by sales of motor vehicles and parts (+6.1% in value); and furniture and fixtures (+5.9%).
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