Hong Kong Retail April 2021

Hong Kong

Hong Kong: Retail sales growth loses pace in April

June 1, 2021

Retail sales increased 10.9% year-on-year in April (March: +19.9% yoy). The figure largely reflected a larger fall in food and alcoholic beverages sales. However, fuel sales gained steam. Lastly, jewelry, watches and valuables sales rose at a stronger rate, while clothing and footwear sales decelerated.

Meanwhile, the trend improved sizably, with the annual average variation of retail sales coming in at minus 7.5%, up from March's minus 11.5%.

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 April 2021

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

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