Hong Kong June retail sales rise 0.7%, up for 2nd straight month
"The government's proactive efforts in promoting tourism and mega events and also enterprises' strenuous effort in providing more diversified experiences would provide support to the consumption sentiment in the domestic market and businesses of the retail sector," a government spokesperson said.
June visitor arrivals rose to 3.48 million, up 11% from the same month a year ago, data from the Hong Kong Tourism Board showed. That compared with 4.08 million in May, 3.85 million in April and 3.82 million in March.
The number of mainland Chinese visitors stood at 2.61 million in June, up 12% from a year ago. That compares to 3.12 million in May, 2.81 million in April and 2.75 million in March.
However, many visitors from mainland China are visiting only for a day and keeping a tight rein on spending. At the same time, local residents are spending more across the border, taking advantage of the Hong Kong dollar's relative strength against the Chinese yuan.
Sales of jewellery, watches, clocks and valuable gifts rose 6.8% year-on-year in June after a 3.2% drop in May.
Sales of clothing, footwear and allied products fell 4.7% year-on-year in June after a 0.3% rise in May.
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