HK records notable growth in Sept jewellery sales

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Gold Bangles

Hong Kong’s retail sales of jewellery, watches and clocks continued to increase in September, with year-on-year figures rising 14.7 percent, provisional data released by the Census and Statistics Department showed.

Government data also revealed that from January to September this year, jewellery sales reached HK$53.56 billion (around US$6.87 billion), up 4.3 percent from the same period a year ago.

Overall sales across all sectors meanwhile enjoyed a 5.6 percent year-on-year rise in September.

A government spokesperson attributed the growth to improved consumer sentiment and recovery in tourist arrivals in Hong Kong, adding that a favourable job and income situation as well as continued upturn in tourism are seen to drive retail sales in the short term.

The government will also closely monitor external developments that may affect consumer sentiment and tourism development, revealed the government spokesperson.

News Source: jewellerynewsasia.com

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Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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