Retail sales in Hong Kong slumped 25.4 percent year-on-year in June 2020, following an upwardly revised 34 percent plunge in May. It was the 17th consecutive decline in retail trade, as sales continued to fall at department stores (-7.5%); for other consumer good, not elsewhere classified (-8.1%); food, alcoholic drinks & tobacco (-16.5%); jewellery, watches and clocks (-59.6%); electrical goods & other consumer durable goods (-5%); wearing apparel (-35.5%); medicines & cosmetics (-58.3%); motor vehicles & parts (-19.6%); footwear, allied products & other clothing accessories (-33%); Chinese drugs & herbs (-30%); books, newspapers, stationery and gifts (-42.8%); and optical shops (-32.5%). On a seasonally adjusted quarterly basis, retail sales went up 5.2 percent in the three months to June 2020 compared with the prior quarter.

Retail Sales YoY in Hong Kong averaged 2.99 percent from 2005 until 2020, reaching an all time high of 30.60 percent in February of 2010 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 August of 2020. source: Census and Statistics Department, Hong Kong

Retail Sales YoY in Hong Kong is expected to be 3.20 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 4.40 in 12 months time. In the long-term, the Hong Kong Retail Sales YoY is projected to trend around 4.40 percent in 2021, according to our econometric models.

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Hong Kong Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-25.40 -34.00 30.60 -46.70 2005 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-05 08:30 AM Mar -43.8% -46.7% -10%
2020-06-01 08:30 AM Apr -37.5% -44% -45%
2020-06-30 08:30 AM May -33.9% -37.5% -30%
2020-07-30 08:30 AM Jun -25.4% -34% -29%
2020-09-01 08:30 AM Jul -24.8%
2020-09-30 08:30 AM Aug
2020-11-02 08:30 AM Sep 3.2%
2020-12-01 08:30 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Hong Kong Retail Sales Drop for 17th Month
Retail sales in Hong Kong slumped 25.4 percent year-on-year in June 2020, following an upwardly revised 34 percent plunge in May. It was the 17th consecutive decline in retail trade, as sales continued to fall at department stores (-7.5%); for other consumer good, not elsewhere classified (-8.1%); food, alcoholic drinks & tobacco (-16.5%); jewellery, watches and clocks (-59.6%); electrical goods & other consumer durable goods (-5%); wearing apparel (-35.5%); medicines & cosmetics (-58.3%); motor vehicles & parts (-19.6%); footwear, allied products & other clothing accessories (-33%); Chinese drugs & herbs (-30%); books, newspapers, stationery and gifts (-42.8%); and optical shops (-32.5%). On a seasonally adjusted quarterly basis, retail sales went up 5.2 percent in the three months to June 2020 compared with the prior quarter.
2020-07-30
Hong Kong Retail Sales Fall for 16th Month
Retail sales in Hong Kong plunged 33.9% year-on-year in May of 2020, following a 37.5% drop in the previous month. It was the 16th consecutive decline as sales continued to fall at department stores (-38.8%), for jewellery, watches and clocks (-72.4%), clothing and footwear (-32.2%), food, drinks and tobacco (-22.5%) and durable goods (-5.3%), namely motor vehicles and parts (-19%). Considering the first five months of the year, retail sales were down 36.5%. A government spokesman said that retail sales continued to fall sharply as inbound tourism remained at a standstill and jobs and income conditions were weak. Nonetheless, the decline narrowed further from that in April thanks to the stabilised local epidemic situation and consequential easing of social distancing measures. The business environment for retail trade remains difficult amid austere labour market conditions and the travel restrictions in place.
2020-06-30
Hong Kong Retail Sales Fall for 15th Month
The volume of retail sales in Hong Kong dropped 37.5 percent year-on-year in April 2020, following an upwardly revised 44 percent fall in the previous month. It was the fifteenth straight month of decline in retail trade, amid the coronavirus pandemic. Sales continued to fall for department stores (-18.8% vs -44% in March); food, alcoholic drinks & tobacco (-21.4% vs -27.8%); other consumer goods, not elsewhere classified (-27.7% vs -28.2%); electrical goods & other consumer durable goods, not elsewhere classified (-19.1% vs -21.7%); wearing apparel (-62.1% vs -66.1%); medicines & cosmetics (-63.7% vs -65.4%); jewelry, watches & clocks, and valuable gifts (-78.2% vs -77.2%); motor vehicles & parts (-20.8% vs -21.4%); fuels (-10.1% vs -9.6%); books, newspapers, stationery & gifts (-41.1% vs -49%); footwear, allied products & other clothing accessories (-50.8% vs -55.8%); and optical shops (-41.1% vs -44.1%).
2020-06-01
Hong Kong Retail Sales Fall at Second Fastest Pace on Record
The volume of retail sales in Hong Kong plunged 43.8 percent year-on-year in March 2020, following a 46.7 percent fall in the previous month. It was the fourteenth consecutive month of decline in retail trade and the second sharpest on record, amid lockdowns and business closures due to the coronavirus pandemic. Sales continued to drop for food, alcoholic drinks and tobacco (-27.9% vs -21.9% in February); department stores (-43.3% vs -59.8%); fuels (-9.8% vs -6.9%); consumer durable goods (-31% vs -27.9%); clothing, footwear and allied products (-64.9% vs -69.9%); other consumer goods (-28.8% vs -35.4%); jewellery, watches and clocks, and valuable gifts (-77% vs -79.9%); and books, newspapers, stationery and gifts (-49.5% vs -47.8%). Meanwhile, sales of supermarkets increased further (7.3% vs 0.9%). Considering the first quarter of the year, retail sales went down 35 percent compared with the same period of 2019.
2020-05-05

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.