Hong Kong Retail

Hong Kong

Retail sales decelerate in April

In April, retail sales rose 7.6% over the same month last year. The print came in well below both the 13.2% expansion seen in March and market analysts' expectations of a 12.8% increase. The reading marked, in fact, the lowest growth rate since February 2011. According to the statistical office, weaker sales of consumer durable goods as well as of jewellery and valuable goods drove the monthly deceleration. In seasonally adjusted terms, however, retail sales rose a strong 3.4% in the three-month period ending in April compared to the previous period ending in January, which contrasted the 1.0% drop recorded in March. A government spokesman noted that


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Hong Kong Retail Chart

Hong Kong Retail April 2012

Note: Year-on-year changes and annual average variation in %.
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.

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