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Jan retail sales up 0.9%

The value of total retail sales in January, provisionally estimated at $36.5 billion, rose 0.9% compared with the same month in 2023, the Census & Statistics Department announced today.   After netting out the effect of price changes over the same period, the provisional estimate represents a 1.2% year-on-year decrease.   Of the total retail sales value in January, online sales accounted for 6.5%. Provisionally estimated at $2.4 billion, the value of this segment went down by 20.9% compared with a year earlier.   Noting that retail sales tend to show greater volatility in the first two months of a year due to the timing of the Lunar New Year, the department said the year-on-year comparison of the figures might have been affected to a certain extent.   The value of sales of jewellery, watches and clocks, and valuable gifts increased 25.2% compared with January 2023.   Increases were also recorded in the sales of other consumer goods not elsewhere classified (up 7

Tennis event given ‘M’ Mark status

The Major Sports Events Committee today announced that it has awarded “M” Mark status to the Bank of China Hong Kong Tennis Open 2024, due to be held from this Sunday to January 7, 2024.

 

Major Sports Events Committee Chairman Wilfred Ng said this edition of the event marks the return of the ATP Professional Tennis Tour to Hong Kong for the first time in 21 years, in which elite men's tennis players from around the globe will compete at the Victoria Park Tennis Court.

 

Mr Ng added that the event will add colour and vibrancy to Hong Kong, attract more visitors from abroad, and showcase Hong Kong’s capabilities in hosting world-class events, enhancing its status as a centre for major international sporting occasions.

 

The “M” Mark system aims to encourage and assist local and national sports associations as well as private and non-governmental organisations, to organise more sports events and grow them into sustainable initiatives.


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