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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

Fireworks showcase ushers in dragon

Scores of people gathered on both sides of Victoria Harbour tonight to watch the Lunar New Year fireworks display to celebrate the Year of the Dragon.

 

Returning after a four-year hiatus, the 23-minute show consisted of eight scenes with a total of 23,888 firing shells, with the theme “All trades thrive in the Dragon’s Year, China stands strong in the prosperous era”.

 

Following an opening burst of silver lightning and thunder effects, the second scene featured a lucky number “8” in different forms and colours, symbolising wealth and abundance.

 

“Five-coloured Cosmic Balls”, signifying the boundless sky and earth, was introduced for the first time, wishing citizens a bright future with endless possibilities. While fireworks in the shape of smiling faces and double hearts carried a message of hope, encouraging the crowds to enjoy life with a positive, enthusiastic attitude.

 

The finale illuminated the night sky with huge brocade crowns to wish Hong Kong prosperity and peace in the year to come.

 

The event was co-ordinated by the Culture, Sports & Tourism Bureau.


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