Latest reading: Nominal retail sales declined 0.6% in seasonally adjusted month-on-month terms in July, following a 0.2% 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 2014 to 2025.
Source: Macrobond.
Hong Kong Retail Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 6.5 | -3.3 | 13.8 | -9.0 | -0.4 |
Retail sales slow in June
Latest reading: Retail sales increased 2.2% on a year-on-year basis in June, following a 4.8% increase in the previous month. June's reading was the weakest since July 2025. Relative to the previous month's figures, readings in June softened for clothing and footwear (+0.1% on a year-on-year basis vs +2.3% in May) and jewelry, watches and valuables (+7.4% vs +10.7% in May). In contrast, readings improved for fuel (-28.4% vs -28.7% in May), supermarkets (-0.7% vs -1.1% in May) and food and alcoholic beverages (+1.9% vs -1.5% in May).
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 contract in July -
Indonesia: Retail sales return to growth in July Latest reading: Retail sales increased 0.9% on a year-on-year basis in July, following a 3.0% fall in the previous month.... -
Hong Kong: Retail sales slow in June Latest reading: Retail sales increased 2.2% on a year-on-year basis in June, following a 4.8% increase in the previous month.... -
Switzerland: Retail sales slow in June Latest reading: Retail sales increased 0.2% on a seasonally adjusted month-on-month basis in June, following a 0.9% increase in the... -
Spain: Retail sales decelerate in June Latest reading: Retail sales were up 0.3% on a working-day and seasonally adjusted month-on-month basis in June, following a 0.6%... -
United Kingdom: Retail sales decelerate in June Latest reading: Retail sales increased 1.0% on a seasonally adjusted month-on-month basis in June, following a 1.2% increase in the... -
Poland: Retail sales speed up in June Latest reading: Retail sales rose 6.4% in annual terms in June, following a 3.0% rise in the prior month. Relative...