The volume of retail sales in Hong Kong shrank 21 percent year-on-year in December 2019, following an upwardly revised 25.5 percent slump in November. This was the eleventh consecutive month of downturn in retail activity as the impact of anti-government protests remained severe during the festive season along with a sharp fall in tourist arrivals from China. Sales continued to decrease primarily for jewellery, watches & clocks (-39.4 percent vs -46.9 percent in November); department stores (-26.3 percent vs -33.2 percent); medicines & cosmetics (-31.3 percent vs -34.7 percent; clothing, footwear (-19 percent vs -28.8 percent); electrical goods & other consumer durable goods (-15.1 percent vs-16.7 percent) and supermarkets (-9.7 percent vs -4.8 percent). In the fourth quarter of 2019, retail trade tumbled 24.1 percent compared to the same period a year ago, the largest quarterly decline on record. Considering the full year of 2019, retail sales fell 12.3 percent over a year ago.

Retail Sales YoY in Hong Kong averaged 4.33 percent from 2005 until 2019, reaching an all time high of 30.60 percent in February of 2010 and a record low of -26.40 percent in October of 2019. 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. source: Census and Statistics Department, Hong Kong

Retail Sales YoY in Hong Kong is expected to be -10.00 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 4.40 in 12 months time. In the long-term, the Hong Kong Retail Sales YoY is projected to trend around 4.40 percent in 2021, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Hong Kong Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-21.00 -25.50 30.60 -26.40 2005 - 2019 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-01 08:30 AM Sep -20.4% -25.2% -20%
2019-12-02 08:30 AM Oct -26.2% -20.3% -20%
2020-01-03 08:30 AM Nov -25.4% -26.4% -23.5%
2020-02-04 08:30 AM Dec -21% -25.5% -20%
2020-03-02 08:30 AM Jan -21% -22%
2020-03-31 08:30 AM Feb
2020-05-05 08:30 AM Mar -10%
2020-06-01 08:30 AM Apr


News Stream
Hong Kong Retail Sales Plunge for 11th Month
The volume of retail sales in Hong Kong shrank 21 percent year-on-year in December 2019, following an upwardly revised 25.5 percent slump in November. This was the eleventh consecutive month of downturn in retail activity as the impact of anti-government protests remained severe during the festive season along with a sharp fall in tourist arrivals from China. Sales continued to decrease primarily for jewellery, watches & clocks (-39.4 percent vs -46.9 percent in November); department stores (-26.3 percent vs -33.2 percent); medicines & cosmetics (-31.3 percent vs -34.7 percent; clothing, footwear (-19 percent vs -28.8 percent); electrical goods & other consumer durable goods (-15.1 percent vs-16.7 percent) and supermarkets (-9.7 percent vs -4.8 percent). In the fourth quarter of 2019, retail trade tumbled 24.1 percent compared to the same period a year ago, the largest quarterly decline on record. Considering the full year of 2019, retail sales fell 12.3 percent over a year ago.
2020-02-04
Hong Kong Retail Sales Fall for 10th Month
The volume of retail sales in Hong Kong slumped 25.4 percent year-on-year in November 2019, following an upwardly revised 26.4 percent tumble in the prior month. It was the tenth consecutive month of downturn in retail activity after seven months of escalating protests with great impact on tourism. Sales fell primarily for jewellery, watches & clocks (-46.5 percent vs -46.9 percent in October); department stores (-33 percent vs -31.8 percent); medicines & cosmetics (-34.6 percent vs -34.3 percent); clothing, footwear & allied products (-28.8 percent vs -34.6 percent) and food, alcoholic drinks & tobacco (-17.3 percent vs -17.8 percent). Year-to-date, retail trade slipped 11.4 percent compared to the same period a year ago.
2020-01-03
Hong Kong Retail Trade Falls at Record Pace
The volume of retail sales in Hong Kong tumbled 26.2 percent year-on-year in October 2019, following a downwardly revised 20.3 percent slump in the previous month. It was the largest annual decrease in retail trade since at least October 2005, after almost six months of violent anti-China protests. Sales declined mostly for jewellery, watches & clocks (-46.9 percent vs -44.3 percent in September); clothing & footwear (-34.2 percent vs -22.8 percent); department stores (-31.8 percent vs -25.9 percent); other consumer goods (-28.5 percent vs -19.7 percent) and food, alcoholic drinks and tobacco (-17.5 percent vs -19.5 percent). Year-to-date, retail sales shrank 10 percent compared to the same period a year ago.
2019-12-02
Hong Kong Retail Sales Fall Less in September
Retail sales volume in Hong Kong dropped 20.4 percent year-on-year in September 2019, following a downwardly revised 25.2 percent slump in the previous month. It was the eight straight month of drop in retail sales, reflecting severe disruptions in inbound tourism and consumption-related activities caused by months of social unrest. Sales fell at a softer pace for clothing & footwear (-23.2 percent vs -32.2 percent in August); furniture (-5.4 percent vs -5.9 percent); jewellery, watches & clocks (-45.1 percent vs -50.4 percent) and alcoholic drinks & tobacco (-15.4 percent vs -22 percent). On a monthly basis, retail trade grew 1.8 percent, after a 15.4 percent decline in August.
2019-11-01

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.