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Volume of total retail sales up in Nov
03
Jan '08
The Census and Statistics Department (C&SD) released the latest figures on retail sales January 3.

The value of total retail sales in November 2007, provisionally estimated at $20.3 billion, increased by 19.5% over a year earlier. After netting out the effect of price changes over the same period, the volume of total retail sales increased by 15.3% in November 2007 over a year earlier.

The revised estimate of the value of total retail sales in October 2007, at $20.8 billion, increased by 16.8% over October 2006, while the volume of total retail sales increased by 13.1%.

Taking the first eleven months of 2007 together, total retail sales increased by 12.4% in value or 9.9% in volume over the same period a year earlier.

Analysed by type of retail outlet and comparing November 2007 with November 2006. This was followed by sales of footwear, allied products and other clothing accessories (+25.4%); commodities in department stores (+23.9%); wearing apparel (+22.7%); jewellery, watches and clocks, and valuable gifts (+14.6%); miscellaneous consumer goods (+14.2%); furniture and fixtures (+10.1%) and miscellaneous consumer durable goods (+1.3%).

Based on the seasonally adjusted series, the volume of total retail sales in the three months ending November 2007 increased by 2.7% compared with the preceding three-month period.

These retail sales statistics are primarily intended to measure the sales receipts in respect of goods sold by local retail establishments, for gauging the short-term business performance of the local retail sector. They cover consumer spending on goods but not on services.


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