May retail sales slump by 32.8pc to HK$26.8bLocal | 30 Jun 2020 5:14 pm
Hong Kong's retail sales in May, provisionally estimated at HK$26.8 billion, slumped by 32.8 percent from the year before, the Census and Statistics Department, reported.
And the April revised estimate shows retail sales tumbled by 36.1 percent compared with a year earlier.
For the first five months, it was provisionally estimated that retail sales fell by 34.8 percent from the year before.
Jewelery retailers were the worst hit in May, sales of jewelery, watches and clocks, and valuable gifts, dived by 69.7 percent from the year before. Medicines and cosmetics sales skidded by 62 percent.
On the other hand, sales of commodities in supermarkets increased by 7.3 percent in May over a year earlier. This was followed by sales of furniture and fixtures, up by 6.5 percent.