Latest reading: Retail sales grew 0.6% month-on-month in seasonally adjusted terms in June (May: -0.9% mom), easily beating market expectations....
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 2014 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 record best reading since December 2023 in May
Latest reading: Retail sales grew 1.9% year on year in May (April: -3.3% yoy). The print put an end to fourteen straight contractions. The recovery was led by strong growth in clothing and department store sales, while declines in fuel and consumer goods sales slowed. Meanwhile, the trend improved, with the annual average variation of retail sales coming in at minus 8.0%, up from April's minus 9.2%.
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 1 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 States: Retail sales rebound in June -
Indonesia: Retail sales growth rises in June Latest reading: Retail sales expanded 2.0% in year-on-year terms in June, which was above May’s 1.9% increase. Sales of automotive... -
Australia: Retail sales return to growth in May Latest reading: Retail sales increased 0.2% month on month in seasonally adjusted terms in May after stagnating in April, though... -
Hong Kong: Retail sales record best reading since December 2023 in May Latest reading: Retail sales grew 1.9% year on year in May (April: -3.3% yoy). The print put an end to... -
Switzerland: Retail sales fall at sharpest rate since September 2024 in May Latest reading: Retail sales fell 0.6% month-on-month in seasonally adjusted terms in May (April: -0.2% mom). The result marked the... -
Spain: Retail sales growth ebbs in May Latest reading: Retail sales increased 0.2% in month-on-month seasonally adjusted terms in May, which was a deterioration from April’s 0.8%... -
Luxembourg: Retail sales deteriorates in May Latest reading: Retail sales dropped 0.1% month-on-month in seasonally adjusted terms in May (April: +0.9% mom s.a.). On an annual...