XN000022-1989-10-01 — Page 2

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SUNDAY, OCTOBER 1. 1989

JULY RESULTS OF RETAIL SALES SURVEY RELEASED

* * * * *

THE TOTAL VALUE OF RETAIL SALES IN JULY 1989. ESTIMATED AT 38.478 MILLION, SHOWED PRACTICALLY NO CHANGE WHEN COMPARED WITH JULY 1988 WHILST THEIR VOLUME DECREASED BY 5 PER CENT ACCORDING TO THE PROVISIONAL RESULTS OF A SURVEY RELEASED TODAY (SUNDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

SPENDING

THIS REFLECTS A CONTINUED SLOW-DOWN IN LOCAL CONSUMER AND A SIGNIFICANT DECREASE IN THE NUMBER OF TOURISTS COMING то HONG KONG IN JULY. THE EVENTS IN CHINA IN EARLY JUNE COULD HAVE MUCH TO DO WITH THE LATTER FACTOR.

COMPARED WITH JULY 1988, RETAIL SALES OF FOOTSTUFFS, ALCOHOLIC DRINKS AND TOBACCO WENT UP BY 16 PER CENT IN VALUE AND 6 PER CENT IN VOLUME. FUELS INCREASED BY 9 PER CENT IN SALES VALUE AND 1 PER CENT IN SALES VOLUME.

ON THE SAME BASIS OF COMPARISON, CLOTHING, FOOTWEAR AND ALLIED PRODUCTS DECREASED BY 4 PER CENT IN SALES VALUE AND 13 PER CENT IN SALES VOLUME. CONSUMER DURABLES DROPPED BY 13 PER CENT IN SALES VALUE AND 16 PER CENT IN SALES VOLUME.

OTHER CONSUMER GOODS SHOWED AN INSIGNIFICANT VALUE AND A DECREASE OF 5 PER CENT IN SALES VOLUME.

CHANGE IN SALES

ANALYSED BY SELECTED TRADES, SALES OF SUPERMARKETS INCREASED BY 16 PER CENT IN VALUE AND 4 PER CENT IN VOLUME. DEPARTMENT STORES ROSE BY 6 PER CENT IN SALES VALUE BUT DROPPED BY 2 PER CENT IN SALES VOLUME.

MOTOR VEHICLES AND PARTS WENT DOWN BY 8 PER CENT IN SALES VALUE AND 13 PER CENT IN SALES VOLUME. CONSUMER DURABLES OTHER THAN MOTOR VEHICLES AND PARTS DECREASED BY 16 PER CENT IN SALES VALUE AND 18 PER CENT IN SALES VOLUME.

PERIOD AND 1 TOBACCO

COMPARING THE PERIOD JANUARY TO JULY 1989 WITH THE SAME IN 1988. TOTAL RETAIL SALES INCREASED BY 9 PER CENT IN VALUE PER CENT IN VOLUME. SALES OF FOODSTUFFS, ALCOHOLIC DRINKS AND ROSE BY 15 PER CENT IN VALUE AND 4 PER CENT IN VOLUME. FUELS WENT UP BY 7 PER CENT IN SALES VALUE AND 2 PER CENT IN SALES VOLUME.

BY

RETAIL SALES OF CLOTHING, FOOTWEAR AND ALLIED PRODUCTS ROSE 13 PER CENT IN VALUE AND 3 PER CENT IN VOLUME. CONSUMER DURABLES INCREASED BY 3 PER CENT IN SALES VALUE BUT FELL BY 4 PER CENT IN SALES VOLUME.

OTHER CONSUMER GOODS WENT UP BY 7 PER CENT IN SALES VALUE AND 1 PER CENT IN SALES VOLUME,

ANALYSED BY SELECTED TRADES, RETAIL SALES OF MOTOR VEHICLES AND PARTS INCREASED BY 29 PER CENT IN VALUE AND 21 PER CENT IN VOLUME. DEPARTMENT STORES ROSE BY 12 PER CENT IN SALES VALUE AND 3 PER CENT IN SALES VOLUME. SUPERMARKETS SALES WENT UP BY 12 PER CENT IN VALUE AND 1 PER CENT IN VOLUME.

/HOWEVER, CONSUMER