Retail sales in Hong Kong jumped 9.4 percent year-on-year in October of 2021, following an upwardly revised 4.9 percent increase in the previous month. It was the ninth straight month of expansion in the sector, underpinned by sales of consumer durable goods (28.6 percent vs 29.5 percent in September); jewellry, watches, clocks & valuable gifts (16.4 percent vs 9.6 percent); and other consumer goods (10.9 percent vs 9.6 percent). To a lesser extent, sales also rose in clothing and footwear outlets (4.6 percent vs -1.6 percent) and department stores (3.5 percent vs -14.1 percent). Looking ahead, a Government spokesman said that the stable local epidemic, the growing employment and income conditions, coupled with the Consumption Voucher Scheme, should remain supportive to the retail sector. source: Census and Statistics Department, Hong Kong

Retail Sales YoY in Hong Kong averaged 2.77 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 December of 2021.

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 2022, according to our econometric models.

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Hong Kong Retail Sales YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-11-02 08:30 AM Sep 4.7% 10.0% 6.8%
2021-11-30 08:30 AM Oct 9.4% 4.9% 5.6%
2022-01-03 08:30 AM Nov 9.4%


Related Last Previous Unit Reference
Retail Sales YoY 9.40 4.70 percent Oct/21
Consumer Spending 461895.00 469258.00 HKD Million Sep/21
Retail Sales Mom 9.10 -2.80 percent Oct/21

News Stream
Hong Kong Retail Sales Rise Robustly
Retail sales in Hong Kong jumped 9.4 percent year-on-year in October of 2021, following an upwardly revised 4.9 percent increase in the previous month. It was the ninth straight month of expansion in the sector, underpinned by sales of consumer durable goods (28.6 percent vs 29.5 percent in September); jewellry, watches, clocks & valuable gifts (16.4 percent vs 9.6 percent); and other consumer goods (10.9 percent vs 9.6 percent). To a lesser extent, sales also rose in clothing and footwear outlets (4.6 percent vs -1.6 percent) and department stores (3.5 percent vs -14.1 percent). Looking ahead, a Government spokesman said that the stable local epidemic, the growing employment and income conditions, coupled with the Consumption Voucher Scheme, should remain supportive to the retail sector.
2021-11-30
Hong Kong Retail Sales Rise for 8th Month
Retail sales in Hong Kong advanced 4.7 percent year-on-year in September of 2021, slowing markedly from a downwardly revised 10.0 percent increase in the previous month. It was the eighth straight month of expansion in the sector, underpinned by sales of consumer durable goods (28.4 percent vs 5.9 percent in August); jewellry, watches, clocks & valuable gifts (9.9 percent vs 21.8 percent); other consumer goods (9.6 percent vs 24.7 percent); and fuels (6.3 percent vs 11.1 percent). Downward pressure stemmed primarily from department stores (-14.1 percent vs 6.1 percent); supermarkets (-5.1 percent vs -7.6 percent) and a slight contraction in sales of food, alcoholic drinks & tobacco (-1.5 percent vs -0.1 percent). Looking ahead, a Government spokesman said that the stable local epidemic, the growing employment and income conditions, coupled with the Consumption Voucher Scheme, should remain supportive to the retail sector.
2021-11-02
Hong Kong August Retail Sales at 4-Month High
Retail sales in Hong Kong rose 10.6 percent year-on-year in August of 2021, following a downwardly revised 0.7 percent increase in the previous month. It was the highest sales growth in the past four months of gains, boosted by sales of Jewellery, watches and clocks, and valuable gifts (25.9 percent vs 18.9 percent in July); fuels (11.1 percent vs 2.4 percent); clothing, footwear and allied products (31.6 percent vs 27.8 percent); consumer durable goods (7 percent vs 5.2 percent), mainly electrical goods (10.1 percent vs -1.6 percent); and furniture and fixtures (5.9 percent vs 1.8 percent) and sales in department stores (8.3 percent vs -10.5 percent). Meanwhile, sales fell at a softer pace for food and alcoholic drinks (-0.1percent vs-7.4 percent) and in supermarkets (-7.8 percent vs -20.4 percent). Considering the first eight months of 2021, retail sales jumped 6.8 percent compared to the same period last year.
2021-09-30

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.