Retail sales Y-on-Y
| Latest value
| Data availability
|October 2005 - December 2023
| Min - Max
|-46.73 - 39.11
Census and Statistics Department Hong Kong
For that indicator, we provide data for Hong Kong from October 2005 to December 2023. The average value for Hong Kong during that period was 3.11 percent with a minimum of -46.73 percent in February 2020 and a maximum of 39.11 percent in March 2023.
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Source: Census and Statistics Department Hong Kong
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.