Retail sales in Hong Kong rose 6.9% year-on-year in January of 2019, following a downwardly revised 0.1% gain in December. Sales rebounded for food, alcoholic drinks and tobacco (8.8% vs -2.5% in December) and jewellery, watches and clocks, and valuable gifts (8% vs -4.1%). Also, sales rose faster for clothing and footwear (4.6% vs 2.6%) and other consumer goods (10.6% vs 6.4%) but fell for fuels (-0.3% vs 0.8%) and consumer durable goods (-2.6% vs 7%). Retail sales tend to show greater volatility in the first two months of the year due to the timing of the Lunar New Year. Local consumer spending normally attains a seasonal high before the Festival. As the Lunar New Year fell on February 5 this year but on February 16 last year, the year-on-year comparison of the figures for January 2019 with those for January 2018 might have been affected by this factor to a certain extent. Retail Sales YoY in Hong Kong averaged 5.61 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 4.30 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 5.20 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
2018-11-30 09:00 AM Retail Sales YoY 5.2% 1.4% 0.6%
2019-01-03 08:30 AM Retail Sales YoY 1.2% 5.3% 2%
2019-01-30 08:30 AM Retail Sales YoY 0.2% 1.2% 3.9%
2019-03-05 08:30 AM Retail Sales YoY 6.9% 0.1% 0.5%
2019-04-01 08:30 AM Retail Sales YoY 6.9% 4%
2019-05-03 08:30 AM Retail Sales YoY 3.2%
2019-05-31 08:30 AM Retail Sales YoY

Hong Kong Consumer Last Previous Highest Lowest Unit
Consumer Confidence 106.00 105.00 118.00 70.00 Index Points [+]
Retail Sales YoY 6.90 0.10 30.60 -18.50 percent [+]
Consumer Spending 478447.00 446416.00 478447.00 39533.00 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 7.00 15.30 29.40 -27.30 percent [+]
Households Debt To GDP 70.90 71.40 71.40 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.90 0.10 30.60 -18.50 2005 - 2019 percent Monthly