Retail sales in Hong Kong advanced 10.9 percent year-on-year in April of 2021, easing from an upwardly revised 19.9 percent jump in the prior month. The latest reading pointed to the third straight month of expansion in retail sales but volumes remained far below pre-pandemic levels as inbound tourism remained frozen. The largest increases in volumes were seen in sales of jewellery, watches, clocks & valuable gifts (88.8 percent vs 78.8 percent in March); followed by clothing & footwear (57.2 percent vs 71.1 percent); other consumer goods (23.0 percent vs 28.8 percent); and fuels (15.8 percent vs 13.2 percent). Meanwhile, sales fell the most for department stores (-23.0 percent vs 1.9 percent) and supermarkets (-13.0 percent vs -15.7 percent). Considering the first four months of 2021, retail sales went up 8.1 percent compared to the same period last year. Looking ahead, the near-term outlook for retail trade remained challenging, a government spokesman said. source: Census and Statistics Department, Hong Kong
Retail Sales YoY in Hong Kong averaged 2.67 percent from 2005 until 2021, reaching an all time high of 31.60 percent in February of 2021 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 June of 2021.
Retail Sales YoY in Hong Kong is expected to be 15.00 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 8.50 in 12 months time. In the long-term, the Hong Kong Retail Sales YoY is projected to trend around 4.50 percent in 2022, according to our econometric models.