Retail sales in Hong Kong slumped 13.4 percent over a year earlier in September of 2020, the same pace as in the previous month. It was the 20th consecutive month of falling retail activity, as the ongoing Covid-19 pandemic continued to hamper spending and tourism. Sales declined mostly for food, alcoholic drinks and tobacco (-13.4 percent vs -19 percent in August); jewellery, watches and clocks, and valuable gifts (-28.9 percent vs -41.4 percent); electrical goods and other consumer durable goods (-36.8 percent vs 14.6 percent); wearing apparel (-15.3 percent vs -23.4 percent); medicines and cosmetics (-45.6 percent vs -40.6 percent); clothing, footwear and allied products (-14 percent vs -25.6 percent); Chinese drugs and herbs (-5.6 percent vs -26.1 percent) and optical shops (-24.7 percent vs -33.2 percent). Considering the first nine months of the year, retail sales plummeted 30 percent compared with the same period of 2019. source: Census and Statistics Department, Hong Kong

Retail Sales YoY in Hong Kong averaged 2.66 percent from 2005 until 2020, reaching an all time high of 30.60 percent in February of 2010 and a record low of -46.70 percent in February of 2020. This page provides the latest reported value for - Hong Kong Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Retail Sales YoY in Hong Kong is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Hong Kong to stand at 4.40 in 12 months time. In the long-term, the Hong Kong Retail Sales YoY is projected to trend around 4.40 percent in 2021, according to our econometric models.

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Hong Kong Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-13.40 -13.40 30.60 -46.70 2005 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-30 08:30 AM Jun -25.4% -34% -29%
2020-09-01 08:30 AM Jul -23.9% -25.3% -18%
2020-09-30 08:30 AM Aug -13.4% -23.8% -11%
2020-11-02 08:30 AM Sep -13.4% -13.4% -5%
2020-12-01 08:30 AM Oct -13.4% -11%
2021-01-04 08:30 AM Nov
2021-02-04 08:30 AM Dec
2021-03-02 08:30 AM Jan


News Stream
Hong Kong Retail Sales Continue to Fall in September
Retail sales in Hong Kong slumped 13.4 percent over a year earlier in September of 2020, the same pace as in the previous month. It was the 20th consecutive month of falling retail activity, as the ongoing Covid-19 pandemic continued to hamper spending and tourism. Sales declined mostly for food, alcoholic drinks and tobacco (-13.4 percent vs -19 percent in August); jewellery, watches and clocks, and valuable gifts (-28.9 percent vs -41.4 percent); electrical goods and other consumer durable goods (-36.8 percent vs 14.6 percent); wearing apparel (-15.3 percent vs -23.4 percent); medicines and cosmetics (-45.6 percent vs -40.6 percent); clothing, footwear and allied products (-14 percent vs -25.6 percent); Chinese drugs and herbs (-5.6 percent vs -26.1 percent) and optical shops (-24.7 percent vs -33.2 percent). Considering the first nine months of the year, retail sales plummeted 30 percent compared with the same period of 2019.
2020-11-02
Hong Kong Retail Sales Continue to Fall in August
Retail sales in Hong Kong dropped 13.4 percent over a year earlier in August 2020, following a downwardly revised 23.8 percent plunge in the previous month. It was the 19th consecutive decrease in retail trade, as sales continued to fall mainly for food, alcoholic drinks and tobacco (-18.9 percent); jewellery, watches and clocks, and valuable gifts (-41.7 percent); wearing apparel (-23.3 percent); and medicines and cosmetics (-40.6 percent). Also, downward pressure came from fuels (-3.3 percent); books, newspapers, stationery and gifts (-37.8 percent); footwear, allied products and other clothing accessories (-36.6 percent); Chinese drugs and herbs (-25.8 percent); and optical shops (-33.3 percent). In contrast, sales rose for commodities in supermarkets (6.1 percent); electrical goods and other consumer durable goods, not elsewhere classified (15.5 percent); motor vehicles and parts (2.2 percent); and furniture and fixtures (7.1 percent).
2020-09-30
Hong Kong Retail Sales Continue to Drop in July
Retail sales in Hong Kong declined 23.9 percent year-on-year in July 2020, following a downwardly revised 25.3 percent slump in the previous month. It was the 18th successive decrease in retail trade, as sales continued to drop mainly for food, alcoholic drinks and tobacco (-12.9 percent); other consumer goods, not elsewhere classified (-7.2 percent); jewellery, watches and clocks, and valuable gifts (-53.7 percent); electrical goods and other consumer durable goods, not elsewhere classified (-5.6 percent); and commodities in department stores (-28.8 percent). Also, downward pressure came from wearing apparel (-42.5 percent); medicines and cosmetics (-50.9 percent); motor vehicles and parts (-13.1 percent); books, newspapers, stationery and gifts (-41. percent); Chinese drugs and herbs (-26.5 percent); footwear, allied products and other clothing accessories (-53.6 percent); and optical shops (-37 percent).
2020-09-01
Hong Kong Retail Sales Drop for 17th Month
Retail sales in Hong Kong slumped 25.4 percent year-on-year in June 2020, following an upwardly revised 34 percent plunge in May. It was the 17th consecutive decline in retail trade, as sales continued to fall at department stores (-7.5%); for other consumer good, not elsewhere classified (-8.1%); food, alcoholic drinks & tobacco (-16.5%); jewellery, watches and clocks (-59.6%); electrical goods & other consumer durable goods (-5%); wearing apparel (-35.5%); medicines & cosmetics (-58.3%); motor vehicles & parts (-19.6%); footwear, allied products & other clothing accessories (-33%); Chinese drugs & herbs (-30%); books, newspapers, stationery and gifts (-42.8%); and optical shops (-32.5%). On a seasonally adjusted quarterly basis, retail sales went up 5.2 percent in the three months to June 2020 compared with the prior quarter.
2020-07-30

Hong Kong Retail Sales YoY
In Hong Kong, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.