Retail Sales in Hong Kong

Hong Kong Retail Sales | Economic News & Forecasts

Hong Kong - Retail Sales

Decline in retail sales softens in June

Retail sales fell 25.4% compared to the same month a year earlier in June, which was markedly softer than May's 34.0% decrease. The figure also marked the smallest drop since January.

The smaller drop was partly driven by a faster increase in fuel sales. Jewelry, watches and valuables sales also dropped at a softer pace. In contrast, growth in supermarkets sales decelerated.

The annual average variation in retails sales deteriorated to minus 28.5% in June, below May’s minus 27.0%.

FocusEconomics Consensus Forecast panelists project retail sales to decrease 21.0% in 2020, which is down 0.7 percentage points from last month’s forecast. For 2021, the panel sees retail sales growing 5.6%.

Hong Kong - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)-1.5  -7.1  1.9  7.6  -12.3  

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Hong Kong Retail Sales Chart


Hong Kong Retail
Note: Annual variation of retail sales in %.
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.

Hong Kong Facts

Value Change Date
Bond Yield1.823.38 %Dec 31
Exchange Rate7.79-0.11 %Jan 01

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