The census and statistics department of the Hong Kong government reported that in June 2013, retail sales grew by 14.7% in value terms compared to June 2012, and according to preliminary estimates reached $ 5.1 billion (HKD 39.91 billion). The volume of goods sold in June rose by 13.4% in the year-on-year calculation, Rapaport reports.
The volume of sales of jewelry, watches and valuable gifts for the reporting month jumped by 43.7% with sales growth in value terms by 42.5% to $ 1.38 billion (HKD 10.718 billion).
The volume of retail sales in department stores showed an increase of 29.2%, and their value increased by 28.3% to $ 508 million.
In the first half of 2013, Hong Kong retail sales grew by 15% year-on-year to $ 32.6 billion (HKD 252.88 billion), while revenue from sales of jewelry, watches and valuable gifts increased by 32.5% to $ 8.1 billion (HKD 63.11 billion).
The government's analytical materials say that in June the results of retail sales reflected a surge in tourism and good moods of local consumers. It is expected that retail sales will continue to grow.