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Hong Kong Retail August 2021

Hong Kong: Retail sales grow at fastest pace since March in August

Retail sales increased 14.7% year-on-year in August (July: +5.0% yoy). August’s figure marked the best result since March. Looking at the details of the release, August’s pick up was broad-based, with the fuel, supermarkets and food and alcoholic beverages sub-sectors all accelerating. Lastly, jewelry, watches and valuables sales rose at a stronger rate, while clothing and footwear sales gained steam.

Meanwhile, annual average retail sales growth rose to 3.1% in August (July: +0.7%). This signals an improving trend in the retail trade sector.

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