Hong Kong Retail November 2021

Hong Kong

Hong Kong: Retail sales growth ebbs in November

January 3, 2022

Retail sales expanded 4.2% year-on-year in November (October: +9.4% yoy). The notable deterioration came on the back of contractions in supermarkets and food and alcoholic beverages sales. However, fuel sales bounced back. Lastly, jewelry, watches and valuables sales lost pace, while clothing and footwear sales gained momentum.

Meanwhile, the trend improved notably, with the annual average growth of retail sales coming in at plus 6.3% in November, up from October's 5.6%.

FocusEconomics Consensus Forecast panelists project real retail sales to increase 9.7% in 2022, which is up 0.1 percentage points from last month’s forecast.

Author:, Economist

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Hong Kong Retail Chart

Hong Kong Retail November 2021 0

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

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