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Hong Kong Jewelry Sales Decline Eases
Nov 10, 2016 9:33 AM
By Rapaport News
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RAPAPORT... Hong Kong’s jewelry and watch sales fell in September at their
slowest pace this year, as the decline in tourist numbers narrowed.
Sales, which also include those of clocks and other
valuable gifts, still fell 12 percent to $675.8 million (HKD 5.24 billion) –
but this was an improvement on last month’s 26.5 percent slide.
Sales in all sectors and retail outlets in Hong Kong retreated 4.1
percent to $4.35 billion, also the slimmest drop of the year.
The narrower year-on-year decline in September was “possibly
due partly to reduced drag from the smaller decline in visitor arrivals,” as
well as some improvement in consumer sentiment, government news service News.gov.hk cited the Census & Statistics
Department as saying.
Jewelry and watch sales slumped 21.5 percent to $6.62
billion in the first nine months of the
year.
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Tags:
Census & Statistics Department, Hong Kong, Jewelry, Jewelry and watches, Rapaport News, retail, watches
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