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Hainan’s retail sales drop 5.7% YoY from January to April

On May 21, the Hainan Provincial Bureau of Statistics reported that Hainan’s total consumer goods retail sales from January to April were $11.33 billion (78.04 billion RMB), a 5.7% decrease YoY. Retail sales of goods dropped 7.2% to $9.76 billion (67.21 billion RMB), while dining income rose 4.6% to $1.57 billion (10.82 billion RMB). April saw a decline in market sales due to the off-season in tourism, though basic necessity consumption and dining remained stable, with online retail growing strongly. Retail sales of clothing, shoes, and textiles fell 11.9%, cosmetics related to duty-free dropped 32.9%, and gold, silver, and jewelry decreased by 10.6% YoY.

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