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On a year-on-year basis, retail sales increased 4.0% in August 2023, continuing the 1.3% growth in July 2023. Excluding motor vehicles, retail sales rose 3.7%, extending the 0.6% growth in July 2023. On a seasonally adjusted basis, retail sales rose 1.7% in August 2023 over the previous month. Excluding motor vehicles, seasonally adjusted retail sales… View Article

On a year-on-year basis, retail sales rose 1.1% in July 2023, following the 1.0% increase in June 2023. Excluding motor vehicles, retail sales increased 0.4%, extending the 2.3% growth in June 2023. On a seasonally adjusted basis, retail sales rose 0.6% in July 2023 over the previous month, partly attributed to higher sales of motor… View Article

On a year-on-year basis, retail sales rose 1.1% in June 2023, following the 1.8% growth in May 2023. Excluding motor vehicles, retail sales increased 2.5%, compared to the 1.7% growth in May 2023. On a seasonally adjusted basis, retail sales decreased 0.8% in June 2023 over the previous month. Excluding motor vehicles, seasonally adjusted retail… View Article

On a year-on-year basis, retail sales rose 1.8% in May 2023, compared to the 3.7% increase in April 2023. Excluding motor vehicles, retail sales rose 1.8%, compared to the 4.3% increase in April 2023. On a seasonally adjusted basis, retail sales declined 0.2% in May 2023 over the previous month. Excluding motor vehicles, seasonally adjusted… View Article

On a year-on-year basis, retail sales increased 3.6% in April 2023, following the 4.5% increase in March 2023. Excluding motor vehicles, retail sales grew by 4.2%, extending the 4.0% increase in March 2023. On a seasonally adjusted basis, retail sales increased 0.3% in April 2023 over the previous month. Excluding motor vehicles, seasonally adjusted retail… View Article

On a year-on-year basis, retail sales increased 4.5% in March 2023, following the 12.6% increase in February 2023. Excluding motor vehicles, retail sales grew by 4.1%, following the 11.6% increase in February 2023. On a seasonally adjusted basis, retail sales increased 2.2% in March 2023 over the previous month. Excluding motor vehicles, seasonally adjusted retail… View Article

On a year-on-year basis, retail sales increased 12.7% in February 2023, reversing the 0.8% decline in January 2023. Excluding motor vehicles, retail sales rose 11.7%, following the 2.1% increase in January 2023. The year-on-year increase in retail sales was partly attributed to a lower base, as some shops were not open during the Chinese New… View Article

Retail sales fell 0.8% in January 2023 on a year-on-year basis, reversing the 7.7% increase in December 2022. The decline was attributed mainly to lower motor vehicle sales -23.5% that corresponded with the lower Certificate of Entitlement (COE) quota.  Excluding motor vehicles, retail sales rose 2.1%, following the 9.8% increase in December 2022. On a… View Article