According to the Statistics Department (Census & Statistics Department), retail sales in Hong Kong in January rose by 14.5% in annual terms to $ 7 billion (54.599 billion Hong Kong dollars), Rapaport reports. The sales volume also increased by 14.5%.
The government notes that retail sales showed mixed weather dynamics in January and February, which is due to the celebration of the new year according to the Lunar calendar, which this year fell on January 31, and last year - it was noted on February 10.
Sales of jewelry, watches and other luxuries in January 2014 showed an increase of 10.8% year-on-year, to $ 1.5 billion (11.623 billion Hong Kong dollars). Sales increased by 18.5%. The total value of jewelery, watches and other luxuries sold in department stores jumped 38.3% year-on-year to $ 41 million (HK $ 318 million).