Footwear & other clothing accessories retail sales up in Sept
01 Nov '07
3 min read
The Census and Statistics Department (C&SD) released the latest figures on retail sales November 1.
The value of total retail sales in September 2007, provisionally estimated at $19.6 billion, increased by 15.8% over a year earlier. After netting out the effect of price changes over the same period, the volume of total retail sales increased by 13.0% in September 2007 over a year earlier.
The revised estimate of the value of total retail sales in August 2007, at $20.6 billion, increased by 15.2% over August 2006, while the volume of total retail sales increased by 12.7%.
Taking the first nine months of 2007 together, total retail sales increased by 11.2% in value or 9.0% in volume over the same period a year earlier.
Analysed by type of retail outlet and comparing September 2007 with September 2006. This was followed by sales of jewellery, watches and clocks, and valuable gifts (+26.1% in volume); footwear, allied products and other clothing accessories (+23.0%); commodities in department stores (+16.1%); furniture and fixtures (+11.5%); wearing apparel (+10.6%); miscellaneous consumer goods (+10.0%); miscellaneous consumer durable goods (+8.6%); commodities in supermarkets (+7.3%).
Based on the seasonally adjusted series, the volume of total retail sales in the third quarter of 2007 increased by 5.5% compared with the preceding quarter.
These retail sales statistics are primarily intended to measure the sales receipts inrespect of goods sold by local retail establishments, for gauging the short-term business performance of the local retail sector. They cover consumer spending on goods but not on services.
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