Hong Kong’s retail sales of jewellery, watches and clocks, and valuable gifts continued its upward trend during the first half of 2017, recording a 0.8 percent year-on-year rise, provisional data from the Census and Statistics Department revealed.
The figure reached HK$35.16 billion (around US$4.5 billion), government data further showed.
Jewellery sales in June dropped to HK$5.43 billion (around US$694.29 million), 0.8 percent lower from the same period last year.
A government spokesperson pointed out that a slight growth in retail sales in June was a result of stable local consumption demand and improvement in inbound tourism.
Short-term retail sales prospects will depend on the speed of recovery of Hong Kong’s tourism and the improvement of external economic environment, indicated the government spokesperson, adding that current satisfactory employment and income conditions are expected to provide solid support to local consumer sentiment.