Retail Sales in Hong Kong

Hong Kong Retail Sales | Economic News & Forecasts

Hong Kong - Retail Sales

Retail sales growth wanes in September

Retail sales increased 55.5% in year-on-year terms in September, which followed August's 63.2% increase. September's slowdown was largely driven by a deterioration in fuel sales. Meanwhile, jewelry, watches and valuables sales lost pace, while clothing and footwear sales decelerated.

The trend improved significantly, with the annual average growth of retail sales coming in at plus 12.5% in September, up from August's 6.8%.

FocusEconomics Consensus Forecast panelists project real retail sales to increase 14.8% in 2021, which is down 3.0 percentage points from last month’s forecast. In 2022, panelists see retail sales up 10.9%.

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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