Retail sales in Hong Kong rose 8.1 percent year-on-year in April of 2022, bouncing back from two consecutive months of decline, amid receding Covid cases and the disbursement of the first batch of consumption vouchers. It was the highest gain in retail trade activity since October last year as sales rebounded sharply at supermarkets (+3.3 percent vs -0.3 percent in March) and department stores (8.4 percent vs -19 percent). Sales of consumer durable goods rose the most (28.5 percent vs -9.8 percent), particularly for furniture and fixtures (20.6 percent) and electrical goods (42.4 percent); followed by jewellery,watches,clocks, and valuable gifts (6.5 percent vs -40.5 percent); and Chinese herbs and drugs (26.2 percent vs -10.1 percent). Also, sales fell at a softer pace for fuels (-14 percent vs -27.3 percent); and clothing and footwear (-1.6 percent vs -43.2 percent), source: Census and Statistics Department, Hong Kong
Retail Sales YoY in Hong Kong averaged 2.60 percent from 2005 until 2022, 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 2022.
Retail Sales YoY in Hong Kong is expected to be 5.50 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 4.50 percent in 2023, according to our econometric models.