Hong Kong Retail September 2022

Hong Kong

Hong Kong: Decline in retail sales softens in September

November 1, 2022

Retail sales decreased 1.5% compared to the same month of the previous year in September, which was a less pronounced drop than August's 3.0% decrease. Looking at the details of the release, food, fuel and clothing sales plunged in September, while jewelry sales accelerated.

Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 1.7%, down from August's minus 1.2% reading.

FocusEconomics Consensus Forecast panelists project real retail sales to increase 9.9% in 2023, which is unchanged from last month’s forecast.


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Hong Kong Retail Chart

Hong Kong Retail September 2022

Note: Year-on-year variation in %.
Source: Consensus and Statistics Department Hong Kong.

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