Retail sales in Hong Kong declined 4.9 percent year-on-year in May of 2022, compared to a downwardly revised 8 percent rise in April. Sales fell sharply at supermarkets (-8.4 percent vs 2.3 percent), and department stores (-6.4 percent vs 8.4 percent). The worst hit outlets were consumer durable goods (-11.4 percent vs +28.3 percent); and clothing, footwear and allied products (-7.6 percent vs -1.9 percent). Also, sales continued to fall for food, alcoholic beverages and tobacco (-2.9 percent vs -1.5 percent); fuels (-12.1 percent vs -13.5 percent) while eased for jewellery, watches, clocks and valuable gifts (3.1 percent vs 6.5 percent). However, looking ahead, the government affirmed that as long as the local epidemic situation remains under control, retail businesses should continue to revive. source: Census and Statistics Department, Hong Kong

Retail Sales YoY in Hong Kong averaged 2.57 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.

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Hong Kong Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-06-01 08:30 AM Apr 8.1% -16.8% -11.6%
2022-06-30 08:30 AM May -4.9% 8% 7.2%
2022-08-02 08:30 AM Jun


Related Last Previous Unit Reference
Retail Sales YoY -4.90 8.00 percent May 2022
Consumer Spending 425929.00 493118.00 HKD Million Mar 2022
Retail Sales Mom -3.90 -6.80 percent May 2022

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
-4.90 8.00 31.60 -46.70 2005 - 2022 percent Monthly

News Stream
Hong Kong Retail Sales Decline 4.9% in May
Retail sales in Hong Kong declined 4.9 percent year-on-year in May of 2022, compared to a downwardly revised 8 percent rise in April. Sales fell sharply at supermarkets (-8.4 percent vs 2.3 percent), and department stores (-6.4 percent vs 8.4 percent). The worst hit outlets were consumer durable goods (-11.4 percent vs +28.3 percent); and clothing, footwear and allied products (-7.6 percent vs -1.9 percent). Also, sales continued to fall for food, alcoholic beverages and tobacco (-2.9 percent vs -1.5 percent); fuels (-12.1 percent vs -13.5 percent) while eased for jewellery, watches, clocks and valuable gifts (3.1 percent vs 6.5 percent). However, looking ahead, the government affirmed that as long as the local epidemic situation remains under control, retail businesses should continue to revive.
2022-06-30
Hong Kong Retail Sales Rise the Most in 6 Months
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),
2022-06-01
Hong Kong Retail Sales Contract for 2nd Straight Month
Retail sales in Hong Kong fell 16.8 percent year-on-year in March of 2022, following a 17.6 percent slump in the previous month, the first back-to-back contraction in more than a year as stringent lockdowns curbed consumer spending. The worst-hit outlets were clothing & footwear stores (-43.3 percent vs -42.6 percent in February); jewelry, watches, and valuable gifts (-41.3 percent vs 37.3 percent); fuel retailers (-27.4 percent vs -23.8 percent); and department stores (-18.9 percent vs -25.6 percent). Looking ahead, the local epidemic situation has improved significantly, and the government eased restrictions further, allowing restaurants to serve eight people per table, while spending stimulus cheques should help support the recovery.
2022-05-05