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IN
FRIDAY, SEPTEMBER 4, 1992
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THE SECRETARY FOR TRADE AND DIRECTOR-GENERAL OF TRADE, MR
INDUSTRY, MR TH CHAU; ACTING CHRISTOPHER JACKSON; PRINCIPAL ECONOMIST OF THE ECONOMIC SERVICES BRANCH, MR ESMOND LEE; AND ACTING ASSISTANT COMMISSIONER FOR CENSUS AND STATISTICS, MR GREGORY CHIU, WILL GIVE A PRESS BRIEFING AT GIS PRESS CONFERENCE ROOM, FIFTH FLOOR, BEACONSFIELD HOUSE, CENTRAL AT 3.30 PM TODAY (FRIDAY).
YOUR REPRESENTATIVES ARE INVITED TO ATTEND.
PROVISIONAL FIGURES ON RETAIL SALES FOR JUNE
THE VALUE OF TOTAL RETAIL SALES IN JUNE, ESTIMATED AT $13.1 BILLION, INCREASED BY 21% OVER THE SAME MONTH LAST YEAR, ACCORDING то THE
STATISTICS RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS
DEPARTMENT.
THE SHARP INCREASE IN RETAIL SALES REFLECTED A CONTINUED STRENGTHENING IN SPENDING BY BOTH LOCAL CONSUMERS AND TOURISTS,
AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES OVER THE TOTAL RETAIL SALES INCREASED BY 16% IN VOLUME TERMS.
PERIOD,
THE INCREASE WAS MAINLY ATTRIBUTABLE TO THE GROWTH IN CONSUMER SPENDING ON MOTOR VEHICLES, OTHER CONSUMER DURABLES, CLOTHING, JEWELLERY AND WATCHES.
SALES OF MOTOR VEHICLES IN JUNE CONTINUED ΤΟ REGISTER THE LARGEST YEAR-ON-YEAR INCREASE, BY 68% IN VALUE AND 59% IN VOLUME, WHILE SALES OF CONSUMER DURABLE GOODS OTHER THAN MOTOR VEHICLES WENT UP BY 27% IN VALUE AND 26% IN VOLUME.
SALES OF CLOTHING, FOOTWEAR AND ALLIED PRODUCTS WENT UP BY 37% IN VALUE AND 25% IN VOLUME AS COMPARED WITH THE SAME MONTH LAST YEAR.
BY
SALES OF JEWELLERY, WATCHES, CLOCKS AND VALUABLE GIFTS ROSE 22% IN VALUE AND 29% IN VOLUME. THE LARGER INCREASE IN VOLUME WAS DUE TO THE FALL IN THE PRICES OF JEWELLERY ITEMS.
BY
MORE MODERATE INCREASES WERE RECORDED FOR SALES IN DEPARTMENT STORES, BY 15% IN VALUE AND 5% IN VOLUME, AND FOR SALES OF FUELS, 12% IN VALUE AND 2% IN VOLUME.
VOLUME
ON THE OTHER HAND, SALES IN SUPERMARKETS SHOWED NO GROWTH IN
DESPITE AN INCREASE IN VALUE BY 8%.
SALES IN OTHER FOODSTUFF OUTLETS DROPPED BY 3% IN VALUE AND 9% IN VOLUME. THIS WAS ATTRIBUTABLE TO A DECREASE IN SALES IN MARKET STALLS SELLING FISH, MEAT AND VEGETABLES.
/COMPARING THE