Retail sales volume in Hong Kong went down 7.6 percent year-on-year in June of 2019, following an upwardly revised 1.8 percent fall in the previous month. It was the fifth straight month of drop in retail sales, as sales continued to decline for food, alcoholic drinks & tobacco (-8.0 percent vs -1.4 percent in May); clothing, footwear & allied products (-4.5 percent vs -3.6 percent); consumer durable goods (-10.1 percent vs -7.6 percent) and jewellery, watches & clocks (-17.1 percent vs -1.9 percent). On the other hand, fuels sales rebounded (0.2 percent vs -8.6 percent) while supermarkets sales dropped at a softer pace (-5.0 percent vs -5.9 percent). On a monthly basis, retail sales went down 12.5 percent, after increasing 6.4 percent in the prior month. Retail Sales YoY in Hong Kong averaged 5.29 percent from 2005 until 2019, reaching an all time high of 30.60 percent in February of 2010 and a record low of -18.50 percent in February of 2016.

Retail Sales YoY in Hong Kong is expected to be -8.50 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 2.90 in 12 months time. In the long-term, the Hong Kong Retail Sales YoY is projected to trend around 4.40 percent in 2020, according to our econometric models.

Hong Kong Retail Sales YoY
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-03 08:30 AM Retail Sales YoY Mar -0.8% -10.5% -2%
2019-05-31 08:30 AM Retail Sales YoY Apr -5% -0.8% -1.4%
2019-07-02 08:30 AM Retail Sales YoY May -1.7% -5% -6.2%
2019-08-01 08:30 AM Retail Sales YoY Jun -7.6% -1.8% -0.9%
2019-08-30 08:30 AM Retail Sales YoY Jul -7.6% -9%
2019-10-02 08:30 AM Retail Sales YoY Aug -10%
2019-11-01 08:30 AM Retail Sales YoY Sep -8.5%

Hong Kong Consumer Last Previous Highest Lowest Unit
Consumer Confidence 100.00 99.00 118.00 70.00 Index Points [+]
Retail Sales YoY -7.60 -1.80 30.60 -18.50 percent [+]
Consumer Spending 478982.00 465255.00 488816.00 40532.00 HKD Million [+]
Personal Savings 0.13 0.13 13.21 0.00 percent [+]
Bank Lending Rate 5.13 5.13 19.61 5.00 percent [+]
Retail Sales Mom -12.50 6.40 29.40 -27.30 percent [+]
Households Debt To GDP 72.20 71.00 72.20 34.50 percent of GDP [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-7.60 -1.80 30.60 -18.50 2005 - 2019 percent Monthly