Monday, 7th February 2005 (3915 views)

Retail sales have considerably increased in Hong Kong, with jewellery and watches both key areas of growth.

According to Business and Finance, sales in December were estimated at $18 billion, but had in fact increased by 8.7 per cent compared to the year before.

Retail sales rocketed in December due to stronger consumer demand and as economic recovery occurred.

The jewellery and watch sector saw retail sales increase by 5.3 per cent during the period.

In addition, when comparing 2004 with 2003, the sale of jewellery and watches was up by 12.2 per cent.

 

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