News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
HKRMA: Last Dec Total Retail Sales Value Decline in Line; Retail Data Expected Flat This Yr
Hong Kong's Census and Statistics Department announced on Monday (3rd) that the value of total retail sales in December 2024, provisionally estimated at $32.8 billion, decrease...
Reset
Send
The window will close in 5 seconds
HKRMA: Last Dec Total Retail Sales Value Decline in Line; Retail Data Expected Flat This Yr
Close
Recommend
4
Positive
7
Negative
8
 
SHORT SELL
 
STOCK INFO

Hong Kong's Census and Statistics Department announced on Monday (3rd) that the value of total retail sales in December 2024, provisionally estimated at $32.8 billion, decreased by 9.7% YoY, while the revised estimate of the value of total retail sales in November 2024 decreased by 7.3% YoY.

Annie Yau Tse, Chairman of the Hong Kong Retail Management Association (HKRMA), believed that the decline in total retail sales value was within expectations given major factors such as Hong Kong people traveling abroad during the long Christmas holiday, changes in consumption habits of visitors to Hong Kong, and a significant weakening of spending power.

Due to the high base of retail data in 1Q24, the performance may face bigger challenges in 1Q25, Yau Tse added. However, as the base effect weakens, the decline is expected to narrow from April 2025, with some months possibly recording mild increases.

If the current market conditions remain unchanged, the HKRMA estimated that the annual retail data will remain flat YoY with a variation between positive and negative 2%.

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.