Census & Statistics
The Census & Statistics Department provides adequate, relevant, reliable and timely statistics to facilitate research, discussion, planning and decision making within the government and in the community.
The value of total retail sales in August was provisionally estimated at $26.5 billion, representing a 16.9% year-on-year increase, the Census & Statistics Department said today.
After netting out the effect of price changes over the same period, total retail sales volume rose 14.7% when compared with a year earlier.
The estimate of the value of total retail sales in July was revised at $27.3 billion, up 19.2% over July 2009, while the volume of total retail sales rose 16.2%.
Taking the first eight months of the year together, total retail sales went up 17.9% in value or 14.9% in volume over the same period last year.
The strong retail sales growth in August showed local consumer spending continued to display strength. The vibrant growth in inbound tourism also bolstered retail sales performance.
Improvement in income and job conditions, coupled with thriving inbound tourism, are expected to continue to bode well for retail business.
