Latest reading: Retail sales rose 0.5% on a seasonally adjusted month-on-month basis in September, following a 0.6% rise in the...
Retail Sales in Hong Kong
The Hong Kong economy recorded an average growth rate of -2.6% in retail sales over the decade to 2024, above East & South Asia's average of 6.8%. In 2024, Hong Kong's retail sales growth was -9.0%.
Hong Kong Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Hong Kong from 2025 to 2024.
Source: Macrobond.
Hong Kong Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | -25.5 | 6.5 | -3.3 | 13.8 | -9.0 |
Retail sales speed up in August
Latest reading: Retail sales rose 3.2% in annual terms in August, following a 0.9% increase in the previous month. August’s reading was the second straight month of growth—the first time this has happened since 2023. However, retail sales are still well below their 2023 levels following 14 straight months of contractions up to April 2025. Relative to the previous month's data, readings in August improved for clothing and footwear (+4.9% on a year-on-year basis vs +2.3% in July) and jewelry, watches and valuables (+14.1% vs +7.0% in July). In contrast, readings softened for fuel (-11.6% vs -9.0% in July), supermarkets (-2.7% vs -2.2% in July) and food and alcoholic beverages (-5.1% vs -4.3% in July).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hong Kong retail projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Hong Kong retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hong Kong retail projections.
Want to get access to the full dataset of Hong Kong retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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United Kingdom: Retail sales lose momentum in September -
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Hong Kong: Retail sales speed up in August Latest reading: Retail sales rose 3.2% in annual terms in August, following a 0.9% increase in the previous month. August’s... -
Spain: Retail sales recover in August Latest reading: Retail sales increased 0.4% in working day and seasonally adjusted month-on-month terms in August, following a 0.4% decline...