Retail sales grow by 15.7pc in first two months

Local | 3 Apr 2018 5:45 pm

Retail sales climbed by 29.8 percent to HK$45.2 billion, from the same month in 2017, the Census and Statistics Department said today.

January's retail sales growth came in at a revised 4.2 percent from the year before.

In the volatile first two months retail sales increased by 15.7 percent over the same period in 2017. The estimate is provisional.

As the Lunar New Year fell on February 16 this year but on January 28 last year, it is more appropriate to analyze the January and February data together in making year-on-year comparison, the department said.

The highest growth in the first two months was seen in sales of electrical goods and other consumer durable goods, which jumped by 27.9 percent, while other consumer goods sales grew by 22.3 percent. The third highest sales were in motor vehicles and parts, up by 19.9 percent.

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