Retail Sales in Hong Kong
Hong Kong - Retail Sales
Decline in retail sales softens in September
Retail sales decreased 1.5% compared to the same month of the previous year in September, which was a less pronounced drop than August's 3.0% decrease. Looking at the details of the release, food, fuel and clothing sales plunged in September, while jewelry sales accelerated.
Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 1.7%, down from August's minus 1.2% reading.
FocusEconomics Consensus Forecast panelists project real retail sales to increase 9.9% in 2023, which is unchanged from last month’s forecast.
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 |
Hong Kong Retail Sales Chart
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.
Hong Kong Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.82 | 3.38 % | Dec 31 |
| Exchange Rate | 7.79 | -0.11 % | Jan 01 |
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Economic News
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The S&P Global Purchasing Managers’ Index (PMI) came in at 49.3 in October, up from September's 48.0.
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Hong Kong: Decline in retail sales softens in September
November 1, 2022
Retail sales decreased 1.5% compared to the same month of the previous year in September, which was a less pronounced drop than August's 3.0% decrease.
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Hong Kong: Inflation jumps to over five-year high in September
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Inflation increased to 4.3% in September, following August’s 1.9%.
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Hong Kong: PMI records worst reading since March in September
October 6, 2022
The S&P Global Purchasing Managers’ Index (PMI) fell to 48.0 in September from August's 51.2.
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