Hong Kong: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is -11.53 percent as of December 2024, a decline compared to the previous value of -8.42 percent. Historically, the average for Hong Kong from October 2005 to December 2024 is 2.48 percent. The minimum of -46.73 percent was recorded in February 2020, while the maximum of 39.11 percent was reached in March 2023.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Census and Statistics Department Hong Kong
| Recent values | Hong Kong: Retail sales Y-on-Y |
|---|---|
| 2024 Dec | -11.53 |
| 2024 Nov | -8.42 |
| 2024 Oct | -4.85 |
| 2024 Sep | -8.72 |
| 2024 Aug | -11.76 |
| 2024 Jul | -13.2 |
| 2024 Jun | -11.21 |
| 2024 May | -12.67 |
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Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | -0.10 | Q3/2024 | percent |
| Retail sales | 107.40 | 12/2024 | index points |
| Retail sales Y-on-Y | -11.53 | 12/2024 | percent |
| House price index | 193.83 | Q3/2024 | index points |
| Real residential property prices Y-on-Y change | -15.14 | Q3/2024 | percent |
| Business confidence survey | -10.00 | Q1/2025 | points |