Retail sales in Hong Kong surged 17.5% year-on-year in February 2026, accelerating from an upwardly revised 3.5% in January. This marks the highest level since April 2023, as consumer spending reaches higher volatility during the Chinese New Year festival. Sales increased for food, alcoholic beverages and tobacco (17.6% versus -11.3%), supermarkets (14.2% versus -5.7%), clothing and footwear and allied products (18.9% versus 4.1%) and department stores (31.8% versus -9.9%). In contrast, fuel sales declined by 18.3%, easing from a decline of 25% in the previous month. Additionally, sales growth slowed for consumer durable goods (24.1% versus 37%) and jewelry, watches, clocks and valuable gifts (4.4% versus 10.8%). For the first two months of the year, retail sales in Hong Kong rose 9.5% compared to the same period a year earlier. On a monthly basis, retail sales declined 6%, reversing a 6.5% gain in January. source: Census and Statistics Department, Hong Kong

Retail Sales in Hong Kong increased 17.50 percent in February of 2026 over the same month in the previous year. Retail Sales YoY in Hong Kong averaged 2.42 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 April of 2026.

Retail Sales in Hong Kong increased 17.50 percent in February of 2026 over the same month in the previous year. Retail Sales YoY in Hong Kong is expected to be 1.30 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
2026-03-04 08:30 AM
Retail Sales YoY
Jan 3.4% 5.1% 4.8%
2026-04-01 08:30 AM
Retail Sales YoY
Feb 17.5% 3.5% 4.4%
2026-05-06 08:30 AM
Retail Sales YoY
Mar 17.5% 3.8%


Related Last Previous Unit Reference
Bank Lending Rate 5.00 5.00 percent Feb 2026
Consumer Spending 558589.00 518800.00 HKD Million Dec 2025
Gasoline Prices 4.11 3.78 USD/Liter Mar 2026
Households Debt to GDP 87.60 87.50 percent of GDP Sep 2025
Personal Savings 0.00 0.00 percent Feb 2026
Retail Sales MoM 6.50 3.80 percent Jan 2026
Retail Sales YoY 17.50 3.50 percent Feb 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
17.50 3.50 39.30 -46.70 2005 - 2026 percent Monthly
Constant Prices, NSA

News Stream
Hong Kong Retail Sales Growth at 2023-Highs
Retail sales in Hong Kong surged 17.5% year-on-year in February 2026, accelerating from an upwardly revised 3.5% in January. This marks the highest level since April 2023, as consumer spending reaches higher volatility during the Chinese New Year festival. Sales increased for food, alcoholic beverages and tobacco (17.6% versus -11.3%), supermarkets (14.2% versus -5.7%), clothing and footwear and allied products (18.9% versus 4.1%) and department stores (31.8% versus -9.9%). In contrast, fuel sales declined by 18.3%, easing from a decline of 25% in the previous month. Additionally, sales growth slowed for consumer durable goods (24.1% versus 37%) and jewelry, watches, clocks and valuable gifts (4.4% versus 10.8%). For the first two months of the year, retail sales in Hong Kong rose 9.5% compared to the same period a year earlier. On a monthly basis, retail sales declined 6%, reversing a 6.5% gain in January.
2026-04-01
Hong Kong Retail Sales Growth at 5-Month Low
Retail sales in Hong Kong rose by 3.4% year-on-year in January 2026, slowing from a 5.1% increase in the previous month. This marked the softest growth since August, mainly driven by declines in sales for food, alcoholic drinks and tobacco (-10.8% vs -0.4% in December), supermarkets (-5.7% vs 0.6%), fuels (-25% vs -21.9%), and department stores (-9.9% vs -4.8%). Additionally, turnover increased at a slower pace for other consumer goods (2.4% vs 5.3%). Sales growth for consumer durable goods also eased but remained elevated (34.3% vs 39.6%). In contrast, activity accelerated for clothing, footwear and allied products (5.3% vs -8.4%) and jewellery, watches and clocks, and valuable gifts (10.8% vs 1.2%). On a monthly basis, retail sales advanced by 6.5% in January, following a 3.8% gain in the preceding period.
2026-03-04
Hong Kong Retail Sales Pick Up
Retail sales in Hong Kong rose by 5.1% year-on-year in December 2025, picking up from a three-month low of 4.1% in the previous month. Sales continued to decline for food, alcoholic beverages, and tobacco (-0.4% vs -0.1% in November) and fuels (-22.3% vs -17%), while it slipped for clothing and footwear (-7.6% vs 1.6%) and department stores (-3.3% vs 3.1%). In addition, sales moderated for other consumer goods (4.7% vs 5.2%). Meanwhile, sales rebounded for supermarkets (0.6% vs -3.5%) and jewelry, watches, clocks, and valuable gifts (1.2% vs -5.9%), while it increased at a faster pace for consumer durable goods (39.6% vs 27.6%). On a monthly basis, retail activity increased 3.9%, recovering from a 4.1% fall in the previous month.
2026-02-03