US STOCKS
FUNDS
FX & CRYPTO
SH/SZ-HK
HK STOCKS
 
 
 
 
 
 
 
News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
HK Jun Value of Total Retail Sales Posts Narrowed YoY Fall to 9.7%, Topping Forecast
The Census and Statistics Department announced the value of total retail sales in June 2024, provisionally estimated at $29.9 billion, decreased by 9.7% compared with the same mont...
Reset
Send
The window will close in 5 seconds
HK Jun Value of Total Retail Sales Posts Narrowed YoY Fall to 9.7%, Topping Forecast
   Back  
Share  
  
  
  
  
  
Print     
Font Size   T     T
Related Fund News >>
The Census and Statistics Department announced the value of total retail sales in June 2024, provisionally estimated at $29.9 billion, decreased by 9.7% compared with the same month in 2023, while the market had estimated it to be a 11.8% downfall. The revised estimate of the value of total retail sales in May 2024 decreased by 11.4% compared with a year earlier. For the first half of 2024, it was provisionally estimated that the value of total retail sales decreased by 6.6% compared with the same period in 2023.

Of the total retail sales value in June 2024, online sales accounted for 7.8%. The value of online retail sales in that month, provisionally estimated at $2.3 billion, increased by 5.2% compared with the same month in 2023. The revised estimate of online retail sales in May 2024 increased by 20.2% compared with a year earlier. For the first 6 months of 2024 taken together, it was provisionally estimated that the value of online retail sales decreased by 0.3% compared with the same period in 2023.

A government spokesman said that while the value of total retail sales continued to decline in June from a year earlier amid the changing consumption patterns of visitors and residents and the strong Hong Kong dollar, the rate of decline narrowed further, a slight increase of 2.3% was seen on a seasonally adjusted month-to-month comparison, reflecting signs of stabilization in retail activities.

Looking ahead, the spokesman said that the retail sector will still face challenges in the near term. Nonetheless, the Central Government's various measures benefitting Hong Kong, as well as the SAR Government's strenuous efforts to promote a mega event economy and support the development of the local retail sector, should benefit the sector. In addition, continued growth of the economy and rising employment earnings should also provide support to the retail sector.
~



AAStocks Financial News
Web Site: www.aastocks.com
 
SITEMAP
AASTOCKS.com Fund Quote Fund News Commentary Tools

Fund Type:
【Alternative Investment】【Balanced Funds】【Equity Funds】【Fixed Income Funds】【Money Market Funds】【Australia Funds】【Brazil Funds】
【China A Share Funds】【Energy Funds】【Gold & Precious Metal Funds】【High Dividend Funds】【BRIC Funds】【ASEAN Funds】【China Funds】

Fund Information:
【Unit Trusts】【Mutual Funds】【Hedge funds】【Balanced Mutual Funds】【Fund】【Mutual Fund】【Fund Trading】【Fund House】【Fund company】【Buy Fund】
【Sell Fund】【Fund Investment】【Mutual Fund Center】【ETF】【Bond Funds】【What is mutual fund】【Financial Planning】【Funds Portfolio】【Fund Management】
【Fund Manager】【Emerging Markets Funds】【Index Funds】【Funds Performance】【Funds Return】【Funds data】【Funds Ranking】【Hong Kong Funds】
【Stocks Funds 】【Funds News】【Funds Quote】【Best Fund】