Jewellery retail sales in China and Hong Kong registered year-on-year increases, the latest report from their respective statistics departments revealed.
Sales of gold, silver and jewellery in China rose 4.4 percent in January to February compared to the same period last year, in line with increases in total retail sales of consumer goods during the period in review.
In Hong Kong, sales were up 4.7 percent in January compared to the same period in 2018, mirroring positive performances of other retail products.
Hong Kong said retail sales were lifted by an earlier Lunar New Year this year and by a surge in visitor arrivals in January. A government spokesman also said the near-term outlook for the retail sector remains uncertain. “While the full employment situation in the local labour market and the sustained expansion in inbound tourism should provide support, consumption sentiment will still be affected by the unsteady external environment,” the spokesman added.