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Wearing apparel, jewellery, watches & clocks sales up

01 Feb '07
2 min read

The Census and Statistics Department (C&SD) released the latest figures on retail sales February 1.

The value of total retail sales in December 2006, provisionally estimated at $21.5 billion, increased by 11.5% over a year earlier. After netting out the effect of price changes over the same period, the volume of total retail sales increased by 8.1% in December 2006 over a year earlier.

The revised estimate of the value of total retail sales in November 2006, at $17.0 billion, increased by 7.4% over November 2005, while the volume of total retail sales increased by 5.0%.

Analysed by type of retail outlet and comparing December 2006 with December 2005.This was followed by sales of jewellery, watches and clocks, and valuable gifts (+13.3%); footwear, allied products and other clothing accessories (+12.6%); furniture and fixtures (+3.6%).

Based on the seasonally adjusted series, the volume of total retail sales increased by 2.2% in the fourth quarter of 2006 compared with the preceding quarter.

For 2006 as a whole, total retail sales increased by 7.3% in value or 5.8% in volume over 2005.

Analysed by type of retail outlet and comparing 2006 with 2005. This was followed by sales of footwear, allied products and other clothing accessories (+8.8%); furniture and fixtures (+4.5%); wearing apparel (+2.8%); and jewellery, watches and clocks, and valuable gifts (+1.0%).

These retail sales statistics are primarily intended to measure the sales receipts of goods sold by local retail establishments, for gauging the short-term business performance of the local retail sector.

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