Census and Statistics Department yesterday released the latest figures on retail sales, the value of total retail sales last month estimated at 43.1 billion yuan, representing an increase of 20.7% over the same period last year, even after adjusting for price changes, the increase is still 19.4%. A government spokesman pointed out that I love fashion cartier love, last month, retail sales recorded strong growth, mainly because "of jewelery, watches and valuable gifts" surge in volume, reflecting the month and gold-related sales surge. Overall, sales at other retailers last month also continued to see healthy growth.
Marinelli also pointed out that retail trade data for last month made good, is largely driven by gold industry due. Earlier the price of gold fell, numerous mainland visitors to Hong Kong to buy gold, triggering sweeping across the city to grab gold tide, so that the "valuable gifts jewelery watches" category sales increased the most, in the past usually generally only about 10% increase, but last month up to 69%, indicating that more than 50 percent of which comes from gold mining. She noted that from January to March compared with the overall sales value increased by 13.9% compared to last year, but in January to April increased by 15.5%, as long as she continued low gold prices helped pushed overall sales continue to value.
Gold prices to stimulate sales
Prince Jewellery & Watch executive director Joseph Chu said that last month's sales compared with a year earlier, an increase of over 20%, not only because the price of gold fell to stimulate sales, this year's Golden Week started early last month on the 28th, there are very influence, disguised the original flow of people belonging to May brought in April, so in April surged results.
Joseph Chu says Cartier jewelry is very nice, into May, although the jewelery retail performance continues to rise, but not entirely optimistic about the prospects for the industry. Earlier, Premier Li Keqiang to Switzerland to discuss free trade agreement, once the agreement, the mainland jewelry prices will be affected by the impact of lower tariffs, some of the more expensive price of goods prices may even drop a hundred thousand dollars, is bound to a local jewelry jewelry with Mainlandprice closer, affecting the local industry sales.
Merry believes that insufficient diversification of products in Hong Kong, retail product portfolio addition visitors as the main target, it is difficult to attract local spending. Excluding the impact of gold mining, in fact, the performance of other categories also unexciting. To include intelligence products "not elsewhere classified" for example, compared with a year earlier, the general increase can be more than doubled, but no new products launched last month, sales fell 44.8 percent increase in real big. She estimated that if the future is no surprise product launch in Hong Kong as a whole, the value of retail sales increased only low double-digit growth.
