The value of Hong Kong's total retail sales in October rose to 22.8 billion HK dollars, up 9.8 percent over the same month last year, statistical authority said on Tuesday.
However, total retail sales in the first 10 months of the year dropped 2.2 percent in value, or 3.1 percent in volume compared with the same period last year, according to statistics released by the Census Statistics Department of Hong Kong Special Administrative Region (HKSAR) government.
After netting out the effect of price changes over the same period, the volume of total retail sales grew 8.2 percent in the third quarter.
The latest figure signified a further revival in local consumer spending in tandem with the economic rebound, said the Census Statistics Department. It also forecast the progressive improvement of the local economy, aided by a more stable labor market, will continue to support consumer confidence and retail trade.
The sales volume of footwear, allied products and other clothing accessories increased 17.8 percent, followed by sales of miscellaneous consumer durable goods, fuels, commodities in department stores, electrical goods and photographic equipment, jewelry, watches and clocks, and valuable gifts, motor vehicles and parts, furniture and fixtures, miscellaneous consumer goods, apparel, food, alcohol and tobacco, and supermarket commodities.
