Hong Kong’s retail industry plummeted, and performance fell for 10 consecutive months! November sales of jewelry and watches fell over 40%
Under the turmoil of amendments that lasted for six months, Hong Kong’s retail industry was the first to suffer a severe setback. På januar 3, the Census and Statistics Department of the Hong Kong Special Administrative Region Government announced the latest retail results. In November 2019, the value of total retail sales fell by 23.6% year-on-year, which is the 10th consecutive month of decline. Blant dem, the sales of jewellery, watches and precious gifts The value dropped by 43.5%, making it a “severe disaster area”.
According to statistics from the Census and Statistics Department of the Hong Kong Special Administrative Region Government, the value of total retail sales in November 2019 was provisionally estimated at 30 billion yuan, en nedgang fra år til år på 23.6%. Etter fradrag av prisendringer, det totale detaljsalgsvolumet i november falt med 25.4%.
Hong Kong’s retail industry plummeted, and performance fell for 10 consecutive months! November sales of jewelry and watches fell over 40%
Fra perspektivet til detaljhandelskategorier, salgsverdien av smykker, klokker og dyrebare gaver falt mest, ned 43.5%, medisiner og kosmetikk falt 33.4%, varehusvarer falt også 32.9%, og klærne falt 31.9%. I tillegg, Verdien av salg av elektriske apparater og andre uklassifiserte varige forbruksvarer falt 18.6%, mat, alkoholholdige drikker og tobakk falt 11%, Kinesisk medisin falt 23.4%, og optikkbutikker falt 27.9%.
Southern Metropolis-reporteren fikk vite at dette er den 10. måneden på rad med nedgang i verdien av Hong Kongs detaljhandel siden februar 2019. Ser tilbake på Hong Kongs detaljhandelsindustridata for første gang 11 måneder av 2019, verdien av det totale detaljsalget i Hong Kong i januar 2019 had a strong year-on-year increase of 7.1%, but in February it fell by 10.1% year-on-year, and averaged in the following 2-6 Måneder. There was a slight drop in single digits.
Imidlertid, since the turmoil of the amendment, the total retail sales value of Hong Kong’s retail industry has experienced a double-digit drop. From July to October 2019, the total retail sales value of the retail industry fell 11.4%, 23%, 18.3%, og 24.3% hhv, of which 8 The provisional valuation of the monthly retail sales value was only 29.4 billion yuan, the lowest total value in an 11-month period. In October 2019, it set the largest monthly decline on record.
On December 29, 2019, Hong Kong’s Chief Secretary for Administration Zhang Jianzong posted on the official website of the SAR government that Hong Kong’s economy will enter a recession in the third quarter of 2019. The forecast for the entire year is a 1.3% economic contraction, which is the first negative growth in 10 år. The incident “has caused Hong Kong to face the most severe and complicated situation in the 22 years since its return.”
In response to the latest situation in Hong Kong’s retail industry in November, the Hong Kong Special Administrative Region government stated that retail sales continued to decline sharply in November because local social incidents have become extremely violent, severely disrupting tourism and consumption, and further damaging consumer sentiment. “The short-term prospects of the retail industry depend on the development of local social events. Derfor, stopping violence and restoring social order are of utmost importance to the retail industry and the overall economic recovery.”
