News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
YoY Decline for HK Total Retail Sales Value Expands to 11.8% in Jul, Missing Forecasts
The Census and Statistics Department (C&SD) announced that the value of total retail sales in July 2024, provisionally estimated at $29.1 billion, decreased by 11.8% YoY. The m...
Reset
Send
The window will close in 5 seconds
YoY Decline for HK Total Retail Sales Value Expands to 11.8% in Jul, Missing Forecasts
Close
Recommend
7
Positive
4
Negative
10
 
SHORT SELL
 
STOCK INFO

The Census and Statistics Department (C&SD) announced that the value of total retail sales in July 2024, provisionally estimated at $29.1 billion, decreased by 11.8% YoY. The market has projected a decline of 8.6%. The revised estimate of the value of total retail sales in June 2024 fell by 9.7% YoY.

Of the total retail sales value in July 2024, online sales accounted for 7.8%. The value of online retail sales in that month, provisionally estimated at $2.3 billion, increased by 1.0% YoY. The revised estimate of online retail sales in June 2024 increased by 5.6% YoY. For the first 7 months of 2024 taken together, it was provisionally estimated that the value of online retail sales decreased by 0.1% YoY.

After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in July 2024 decreased by 13.3% YoY. The revised estimate of the volume of total retail sales in June 2024 declined by 11.2% YoY. For the first 7 months of 2024 taken together, the provisional estimate of the total retail sales lowered by 8.9% in volume YoY.

Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales decreased by 4.5% in the three months ending July 2024 compared with the preceding three-month period, while the provisional estimate of the volume of total retail sales decreased by 5.1%.

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.