HK retails sales up 12% under consumption voucher scheme

The value of total retail sales in October, provisionally estimated at HK$30.7 billion, rose 12% compared with the same month in 2020, the Census & Statistics Department announced Tuesday (Nov. 30).

Of the total retail sales value in October, online sales accounted for 8%. Provisionally estimated at HK$2.5 billion, the value of online retail sales increased 29.4% year-on-year.

After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales for the month increased 9.4% compared with a year earlier.

Looking ahead, the government noted that as long as the local epidemic situation remains under control, the improving employment and income conditions alongside the Consumption Voucher Scheme should continue to support the retail sector in the near term.

To strengthen the foundation for a broad-based economic recovery, it is essential for the community to strive towards more widespread vaccination and abide by the anti-epidemic measures, it added.