Hong Kong Retail November 2015

Hong Kong

Hong Kong: Retail sales fall sharply in November

November 30, 2015

In November, retail sales fell 6.0% over the same month last year, which contrasted the 1.1% increase tallied in October and marked a 10-month low. November’s reading was mainly the result of a sharp fall in the value of sales of jewelry, watches and valuable gifts.

A government spokesman noted that, “this was mainly dragged by the further slowdown in inbound tourism. The increased downside risks to economic outlook and recent stock market corrections might also have resulted in more cautious local consumption sentiment.”

Retail sales rose a seasonally-adjusted 1.3% in the three-month period ending in November compared to the three-month period ending in August.

FocusEconomics Consensus Forecast panelists expect retail sales to expand 1.9% in 2016, which is down 1.9 percentage points from last month’s projection. Next year, the panel sees retail sales growing 1.6%.


Author:, Economist

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Hong Kong Retail November 2015

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


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