HONG KONG : Hong Kong's retail sales climbed for the sixth straight month in July, helped by a stabilising COVID-19 situation and an improved labour market along with an economic recovery.
"The electronic consumption vouchers that the government began to disburse in August have helped stimulate consumption sentiment and will render support to the retail business in the rest of the year," a government spokesman said, referring to electronic vouchers given to certain consumers to spend in retail stores.
For the first seven months of 2021, total retail sales increased 7.6per cent in value terms and rose 6.2per cent in volume. Sales of jewellery, watches, clocks and valuable gifts, which before the pandemic relied heavily on Chinese tourists from the mainland, climbed 27.1per cent in July versus a revised 31.9per cent surge in June, the data showed.Tourist arrivals in July plunged 57.9per cent from a year earlier to 8,666 after posting a 57.6per cent drop in June.
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