Hong Kong Retail sales fell 5.5 percent in November

Hong Kong Retail sales fell 5.5 percent year on year in November to HKD36 billion for the month. For the first 11 months of 2016, the total decrease is estimated at 8.6 percent from the same period in the previous year.

Electronic goods took the biggest hit as sales value slumped by 27 percent together with photographic equipment, while jewelry and watches saw a 14.4 percent fall and durable goods a 15 percent decrease. Sales of Goods in supermarkets also slipped by 1 percent in sales value.

Department stores sales increased 1.7 percent year on year, while clothes were up 4 percent, with food and beverage also up by 1 percent.

 

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