Hong Kong Retail Sales YoY

Retail sales volume in Hong Kong fell 13 percent year-on-year in July of 2019, following a 7.6 percent decrease in the previous month. It was the biggest decline since February of 2016, as sales declined for food, alcoholic drinks and tobacco (-9.1 percent from -7.9 percent in June); clothing, footwear & allied products (-10.9 percent from -3.8 percent); consumer durable goods (-11.6 percent from -9.9 percent); fuels (-2.9 percent from 0.2 percent); jewellery, watches & clocks (-26.5 percent from -17.1 percent) and for other consumer goods (-10.8 percent from -3.3 percent). Retail Sales YoY in Hong Kong averaged 5.18 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.

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Calendar	GMT		Actual	Previous	TEForecast
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	-13%	-7.6%	-9%
2019-10-02	08:30 AM	Retail Sales YoY Aug		-13%	-10%
2019-11-01	08:30 AM	Retail Sales YoY Sep			-8.5%
2019-12-02	08:30 AM	Retail Sales YoY Oct

Hong Kong Consumer	Last	Previous	Highest	Lowest	Unit
Consumer Confidence	100.00	99.00	118.00	70.00	Index Points	[+]
Retail Sales YoY	-13.00	-7.60	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	-2.20	-12.50	29.40	-27.30	percent	[+]
Households Debt To GDP	72.20	71.00	72.20	34.50	percent of GDP	[+]

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 September of 2019.