HK, China jewellery sales up in Sept
Retail sales in Hong Kong and China saw modest growth in September on the back of a generally favourable economic environment alongside a more stable Covid situation.
Hong Kong’s Census and Statistics Department said jewellery sales rose 8.4 per cent to HK$3.43 billion (around US$433.12 million) in September and 0.2 per cent to HK$28.31 billion (around US$3.6 billion) from January to September.
Overall sales meanwhile inched up 0.2 per cent, which the city attributed to a notable increase in sales of electrical goods and other durable consumer goods. Third-quarter sales were up 1.3 per cent year on year.
“The generally stable local epidemic situation, improved labour market conditions and the consumption voucher scheme will continue to support demand in the near term,” said the Hong Kong government.
China’s sales of gold, silver and jewellery were also on the upswing, recording a 1.9 per cent increase to RMB26.6 billion (approximately US$3.67 billion) in September. January to September sales grew 2.2 per cent to RMB226.1 billion (around US$31.22 billion).