The retail market in Hong Kong continued to be weak. The government announced that the total retail sales value in May was 35.8%, which was slightly narrower but worse than market expectations. According to the value index of retail sales by category, department stores (decrease 37.8%), medicines and cosmetics (down 62%) and footwear, allied products and other clothing accessories (decrease 39.7%) had significant decrease. While supermarkets (increase 7.3%) and furniture and fixtures (increase 6.5%) against the market trend.
However, due to labour market and outside economy have not recovered, the government predict that the future performance of retail sales will remain severe.