Hong Kong Retail February 2021

Hong Kong

Hong Kong: Retail sales rise for the first time since January 2019 in February

March 30, 2021

Retail sales jumped 30.0% in year-on-year terms in February, after falling 13.7% in January. Looking at the details of the release, February’s rise was broad-based, with clothing and footwear, jewellery and fuel sales all increasing robustly in the month.

Meanwhile, the trend improved, with the annual average variation of retail sales coming in at minus 17.0%, up from January's minus 23.4% reading.

FocusEconomics Consensus Forecast panelists project real retail sales to increase 19.4% in 2021, which is up 2.3 percentage points from last month’s forecast.

Author:, Economist

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Hong Kong Retail Chart

Hong Kong Retail February 2021

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

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