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
Hong Kong Retail
Retail sales decelerate in April
May 31, 2012
Looking for forecasts related to Retail in Hong Kong? Download a sample report now.
Hong Kong Retail Chart
Note: Year-on-year changes and annual average variation in %.
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.
Hong Kong Economic News
October 20, 2016
Inflation came in at 2.7% in September, which was markedly below August’s 4.3%—the largest reading in 17 months.
October 5, 2016
The Nikkei Hong Kong Purchasing Managers’ Index (PMI) released by IHS Markit rose from August’s 49.0 to 49.3 in September.
September 30, 2016
Hopes last month that a recovery in retail sales might be underway were dampened in August on the back of declining numbers of mainland tourists.
September 22, 2016
Inflation came in at 4.3% in August, which was notably above July’s 2.3%.
September 5, 2016
The Nikkei Hong Kong Purchasing Managers’ Index (PMI) released by IHS Markit climbed from July’s 47.2 to 49.0 in August.