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.