Hong Kong skyline from above

Hong Kong Retail December 2021

Hong Kong: Retail sales record slowest growth since July in December

Retail sales grew 3.4% year-on-year in December (November: +4.3% yoy). December’s figure marked the worst reading since July. Looking at the details of the release, fuel sales gained steam in December, but the decline in supermarkets sales worsened. Meanwhile, food and alcoholic beverages sales declined at a softer pace. Lastly, jewelry, watches and valuables sales gained steam, while clothing and footwear sales lost traction.

Meanwhile, the trend improved significantly, with the annual average growth of retail sales coming in at a two-year high of 7.8%, up from November’s 6.3% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest