RAPAPORT… Sales of jewelry and other luxury goods in Hong Kong grew in
the first two months of the year amid stronger employment rates and increased
tourism.
Sales of jewelry, watches, clocks and valuable gifts rose
21% to $2.05 billion (HKD 16.1 billion) in January and February, Hong Kong’s
Census and Statistics Department reported Tuesday. It was one of the
highest-grossing retail categories, second only to the combined “other consumer
goods” segment.
21% to $2.05 billion (HKD 16.1 billion) in January and February, Hong Kong’s
Census and Statistics Department reported Tuesday. It was one of the
highest-grossing retail categories, second only to the combined “other consumer
goods” segment.
The municipality’s total retail sales for the period — which
included the Chinese New Year — increased a provisional 16% by value year on
year, coming to $11.48 billion (HKD 90.13 billion).
The growth reflects an improvement in employment and income
conditions, as well as an increase in the rate of tourism, a government
spokesperson said.
“The outlook for retail sales should remain positive in the
near term,” the spokesperson added.
Image: ShingWong –
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