The total retail sales value rose to $22.2 billion in June, up 11.6% over the same month last year, the Census & Statistics Department says. The total retail sales volume grew 4%.

Retail sales expanded at a more moderate pace after a long period of exceptionally strong performance. But slowing global economic growth, strains in the financial markets, elevated inflationary pressure and international commodity prices, and local asset price consolidation might hinder the local economy and influence consumer sentiment, the department said.

However, further expansion of inbound tourism and firm labour market conditions should continue to support retail trade.

Analysed by type of retail outlet, the sales volume of fuels grew 18.1%, followed by electrical goods and photographic equipment (+15.4%); footwear, allied products and other clothing accessories (+10%); apparel (+9.1%); furniture and fixtures (+6.6%); miscellaneous consumer durable goods (+5.9%); miscellaneous consumer goods (+5.3%); commodities in department stores (+3.1%); and jewellery, watches and clocks, and valuable gifts (+1.4%).

The sales volume of vehicles and parts fell 10.5% followed by commodities in supermarkets (-1.3%). The sales volume of food, alcohol and tobacco remained unchanged.