Latest reading: Retail sales fell 0.3% month-on-month in seasonally adjusted terms in April (March: +0.2% mom). April’s figure was largely...
Retail Sales in Hong Kong
In the year 2024, the retail sales in Hong Kong was -8.95%, compared to -0.22% in 2014 and 13.76% in 2023. It averaged -2.65% over the last decade.
Hong Kong Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Hong Kong from 2024 to 2023.
Source: Macrobond.
Hong Kong Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | -12.3 | -25.5 | 6.5 | -3.3 | 13.8 |
Decline in retail sales softens in April
Latest reading: Retail sales declined 3.2% in year-on-year terms in April, which followed March's 4.7% decrease. The figure was the best since February 2024 but still the fourteenth straight month of contraction, with sales continuing to fall across a broad range of subsectors. As a result, Hong Kong retail sales are still languishing well below their pre-Covid-19 levels, weighed on by the still-incomplete recovery in tourist arrivals and the increasing number of Hong Kongers opting to shop on the mainland.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hong Kong retail projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Hong Kong retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hong Kong retail projections.
Want to get access to the full dataset of Hong Kong retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
-
Switzerland: Retail sales dips in April -
Hong Kong: Decline in retail sales softens in April Latest reading: Retail sales declined 3.2% in year-on-year terms in April, which followed March’s 4.7% decrease. The figure was the... -
Australia: Retail sales unexpectedly contract in April Latest reading: Retail sales fell 0.1% month on month in seasonally adjusted terms in April (March: +0.3% mom s.a.), defying... -
Spain: Retail sales increase in April Latest reading: Retail sales rose 0.7% in month-on-month seasonally adjusted terms in April, improving from March’s flat reading. Looking at... -
Poland: Retail sales post quickest growth since May 2022 in April Latest reading: Retail sales increased 7.6% compared to the same month a year earlier in April, which contrasted March’s 0.1%... -
United Kingdom: Retail sales growth gains momentum in April Latest reading: Retail sales grew 1.2% month-on-month in seasonally adjusted terms in April (March: +0.1% mom), well above market expectations... -
United States: Retail sales growth loses pace in April Latest reading: Retail sales expanded 0.1% month-on-month in seasonally adjusted terms in April (March: +1.7% mom), a month which saw...