Retail sales in Hong Kong were up 7.8 percent from a year earlier in May of 2021, following an upwardly revised 11.0 percent jump in the prior month. The latest reading pointed to the fourth straight month of expansion in retail trade but volumes remained far below pre-pandemic levels as inbound tourism remained frozen. Retail sales advanced the most for jewellery, watches, clocks & valuable gifts (49.5 percent vs 89.4 percent in April); other consumer goods (20.6 percent vs 23.0 percent); clothing & footwear (10.7 percent vs 58.3 percent); fuels (10.0 percent vs 15.8 percent); and consumer durable goods (6.8 percent vs 11.5 percent). In contrast, sales fell at a slower pace in department stores (-10.0 percent vs 23.3 percent) and in supermarkets (-4.2 percent vs -12.5 percent). Considering the first five months of 2021, retail sales jumped 8.0 percent compared to the same period last year. source: Census and Statistics Department, Hong Kong
Retail Sales YoY in Hong Kong averaged 2.70 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 July 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.