Hong Kong Retail May 2021

Hong Kong

Hong Kong: Retail sales growth continues to ease in May

June 30, 2021

Retail sales increased 7.8% year-on-year in May (April: +11.0% yoy). The figure largely reflected weaker growth in fuel and alcoholic drinks and tobacco sales.

That said, the trend improved, with the annual average variation of retail sales coming in at minus 4.0%, up from April's minus 7.5%.

FocusEconomics Consensus Forecast panelists project real retail sales to increase 21.1% in 2021, which is unchanged from last month’s forecast. In 2022, panelists see retail sales up 10.2%.

Author:, Economist

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Hong Kong Retail Chart

Hong Kong Retail May 2021

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

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