Retail sales in Hong Kong rose 4.8% year-on-year in May 2026, slowing from a revised 6.5% in the previous month and marking the lowest reading since January. Sales declined further for food, beverages, and tobacco (-1.6% vs. 1% in April) and fuels (-28.8% vs. -27.9%), while growth reversed for supermarkets (-1.1% vs. 2.3%). At the same time, retail activity moderated for clothing, footwear, and allied products (3% vs. 5.5%), and consumer durable goods (9.5% vs. 28.2%). In contrast, sales rebounded for department stores (8.7% vs. -6.6%), while sales continued to rise for jewellery, watches, clocks, and valuable gifts (10.5% vs. 7.1%), and other consumer goods (7.9% vs. 7.4%). On a monthly basis, retail sales rose 7.3% in May, rebounding from a revised 7.4% decline in April. source: Census and Statistics Department, Hong Kong

Retail Sales in Hong Kong increased 4.80 percent in May of 2026 over the same month in the previous year. Retail Sales YoY in Hong Kong averaged 2.47 percent from 2005 until 2026, reaching an all time high of 39.30 percent in March of 2023 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 July of 2026.

Retail Sales in Hong Kong increased 4.80 percent in May of 2026 over the same month in the previous year. Retail Sales YoY in Hong Kong is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Retail Sales YoY is projected to trend around 3.30 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-02 08:30 AM
Retail Sales YoY
Apr 6.4% 9.8% 4.5%
2026-07-02 08:30 AM
Retail Sales YoY
May 4.8% 6.5% 5.8%
2026-08-04 08:30 AM
Retail Sales YoY
Jun 4.8% 2.6%


Related Last Previous Unit Reference
Bank Lending Rate 5.00 5.00 percent Jun 2026
Consumer Spending 545330.00 573768.00 HKD Million Mar 2026
Gasoline Prices 4.06 4.17 USD/Liter Jun 2026
Households Debt to GDP 87.80 87.70 percent of GDP Dec 2025
Personal Savings 0.00 0.00 percent May 2026
Retail Sales MoM 7.30 -7.40 percent May 2026
Retail Sales YoY 4.80 6.50 percent May 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
4.80 6.50 39.30 -46.70 2005 - 2026 percent Monthly
Constant Prices, NSA

News Stream
Hong Kong Retail Sales at 4-Month Low
Retail sales in Hong Kong rose 4.8% year-on-year in May 2026, slowing from a revised 6.5% in the previous month and marking the lowest reading since January. Sales declined further for food, beverages, and tobacco (-1.6% vs. 1% in April) and fuels (-28.8% vs. -27.9%), while growth reversed for supermarkets (-1.1% vs. 2.3%). At the same time, retail activity moderated for clothing, footwear, and allied products (3% vs. 5.5%), and consumer durable goods (9.5% vs. 28.2%). In contrast, sales rebounded for department stores (8.7% vs. -6.6%), while sales continued to rise for jewellery, watches, clocks, and valuable gifts (10.5% vs. 7.1%), and other consumer goods (7.9% vs. 7.4%). On a monthly basis, retail sales rose 7.3% in May, rebounding from a revised 7.4% decline in April.
2026-07-02
Hong Kong Retail Sales Hit 3-Month Low
Retail sales in Hong Kong grew by 6.4% year-on-year in April 2026, slowing from 9.8% in the previous month. It marked the weakest annual growth since January, as sales continued to decline for food, alcoholic drinks and tobacco (-1.0% vs -0.4% in March) and fuels (-27.9% vs -27.5%). Growth also eased for clothing, footwear and allied products (5.9% vs 7.8%), consumer durable goods (27.4% vs 42.4%), and other consumer goods (7.5% vs 10.8%), while it tumbled for department stores (-6.6% vs 1.2%). On the other hand, sales rebounded for supermarkets (2.3% vs -0.1%), and trade edged higher for jewelry, watches and clocks, and valuable gifts (6.5% vs. 6.4%). On a monthly basis, retail sales slumped 7.8%, following a downwardly revised 4.6% fall in March. This represented the third consecutive monthly decline and the sharpest pace in the current sequence.
2026-06-02
Hong Kong Retail Sales Growth Eases
Retail sales in Hong Kong grew by 9.8% year-on-year in March 2026, easing from a near three-year high of 17.5% in the previous month. Sales slipped in food, alcoholic drinks and tobacco (-0.4% vs 17.6% in February), particularly fish, livestock and poultry, and fresh or frozen food (-0.9% vs 3.2%), bread, pastry, confectionery and biscuits (-6.5% vs 24%), and other food not elsewhere classified (-2.3% vs 29.8%). The slowdown in overall retail sales growth was also driven by supermarkets (0.7% vs 14.2%), clothing, footwear and allied products (7.7% vs 18.7%), department stores (1.3% vs 31.8%), and other consumer goods (10.6% vs 21.9%). Moreover, sales continued to fall for fuels (-27.5% vs -18.3%). Meanwhile, sales increased at a faster pace for consumer durable goods (42.4% vs 24.1%) and jewelry, watches and clocks, and valuable gifts (5.7% vs 4.4%). On a monthly basis, retail sales declined 4.7%, easing from a 6% drop in February.
2026-05-06