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10.4% rise in Jewellery sales in HK in January 2018

Data from the Hong Kong Census and Statistics Department showed that retail sales of jewellery in Hong Kong rose 10.4 % in January 2018.

“Sales of jewellery, watches and clocks, and valuable gifts reached HK$8.07 billion (US$1.03 billion) during the period in review. A 6.2 percent increase was also recorded in December 2017 compared to the same period in 2016, government data also showed. Revised figures for December 2017 amounted to HK$8.7 billion (US$1.11 billion).

Overall retail sales in January 2018 were up 4.1 percent from the same period in 2017, the Census and Statistics Department said.” – JNA.

As said by a government spokesman, there was a moderate increase in retail sales in January 2018.

“This suggests that consumer sentiment has been rather robust on entering 2018. Nevertheless, it would be more useful to analyse the retail sales figures for January and February combined, when available, to show more clearly the underlying growth trend,” noted the spokesman. “Looking ahead, the favourable job and income conditions and sustained recovery in inbound tourism should continue to render solid support to retail business in the near term.”

Source: JNA