Business climate survey on restaurants & similar establishments and retail trade for January 2024
Information from the Statistics and Census Service (DSEC) indicated that receipts of the interviewed restaurants & similar establishments and retailers showed a year-on-year decrease in January 2024 due to a high comparison base in the same month last year when the Lunar New Year, the period when business is usually brisk, took place. Receipts of the interviewed restaurants & similar establishments went down by 10.2% year-on-year, with receipts of Japanese & Korean Restaurants and Chinese Restaurants dropping by 30.6% and 21.7% respectively; by contrast, receipts of Local Style Cafes, Congee & Noodle Shops rose by 12.9%. Meanwhile, sales of the interviewed retailers fell by 29.3% year-on-year in January; sales of Adults' Clothing Retailers, Watches, Clocks & Jewellery Retailers and Department Stores declined by 36.8%, 34.2% and 30.6% respectively, while sales of Motor Vehicle Retailers grew by 37.3%.
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Tuesday, 19th March
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