Retail trade in Hong Kong increased 1.2 percent year-on-year in November 2018, slowing from an upwardly revised 5.3 percent in the previous month. It was the smallest gain in retail trade since June last year as, sales fell for fuels (-0.8 percent from 0.5 percent in October); clothing & footwear (-2.8 percent from 0.5 percent) and jewelry, watches & clocks (-0.3 percent from 5.9 percent). Also, sales of consumer durable goods rose less (0.5 percent from 17.2 percent). On the other hand, sales at department stores advanced further (3.9 percent from 3.4 percent) and declined at a softer pace at supermarkets (-3.0 percent from -3.9 percent) and for food, alcoholic drinks & tobacco (-1.3 percent from -5.2 percent). On a monthly basis, retail sales went down 1.8 percent, after increasing 8.4 percent in the prior month. Retail Sales YoY in Hong Kong averaged 5.64 percent from 2005 until 2018, 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
2018-10-02 08:30 AM Retail Sales YoY 8.1% 5.9% 9%
2018-11-01 08:30 AM Retail Sales YoY 1.4% 7.9% 8.7%
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 1.2% 3.9%
2019-03-05 08:30 AM Retail Sales YoY
2019-04-01 08:30 AM Retail Sales YoY

Hong Kong Consumer Last Previous Highest Lowest Unit
Consumer Confidence 105.00 107.00 118.00 70.00 Index Points [+]
Retail Sales YoY 1.20 5.20 30.60 -18.50 percent [+]
Consumer Spending 448217.00 462412.00 464128.00 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 -1.80 8.40 29.40 -27.30 percent [+]
Households Debt To GDP 71.40 71.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 5.20 30.60 -18.50 2005 - 2018 percent Monthly