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Hong Kong's 2013 retail sales increase 11pc in value, 10.6pc in volume
HONG KONG retail sales in 2013 increased 11 per cent in value and 10.6 per cent in volume over last year to reach HK494.5 billion (US$63.73 billion), according to the Census & Statistics Department.
During December, total retail sales value rose 5.7 per cent, provisionally estimated at HK$49.7 billion, and volumes increased 6.1 per cent after netting out the effect of price changes.
The revised estimates for value of total retail sales in November showed 8.5 per cent growth year on year, while total retail sales volume increased 9.1 per cent.
December's figures reflected positive consumer sentiment and inbound tourism expansion, said the report, which forecast that retail business should continue to be underpinned by favourable job and income conditions and sustained inbound tourism growth in the near term.
During December, total retail sales value rose 5.7 per cent, provisionally estimated at HK$49.7 billion, and volumes increased 6.1 per cent after netting out the effect of price changes.
The revised estimates for value of total retail sales in November showed 8.5 per cent growth year on year, while total retail sales volume increased 9.1 per cent.
December's figures reflected positive consumer sentiment and inbound tourism expansion, said the report, which forecast that retail business should continue to be underpinned by favourable job and income conditions and sustained inbound tourism growth in the near term.
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