Hong Kong: Retail sales Y-on-Y

* indicates monthly or quarterly data series
 Hong Kong

Retail sales Y-on-Y

 Latest value 4.84
 Reference December 2023
 Measure percent
 Data availability October 2005 - December 2023
 Average 3.11
 Min - Max -46.73 - 39.11
 Source 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. Click on the following link to see the values of Retail sales Y-on-Y around the world.
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* indicates monthly or quarterly data series


Recent values chart
Hong Kong - Retail sales Y-on-Y - recent values

Historical chart
Hong Kong - Retail sales Y-on-Y - historical chart - 2005-2023
Measure: percent
Source: Census and Statistics Department Hong Kong


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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 value Reference Measure
 Industrial production 4.40 Q3/2023 percent
 Retail sales 106.60 9/2023 index points
 Retail sales Y-on-Y 10.01 9/2023 percent
 House price index 223.16 Q3/2023 index point
 Real residential property prices Y-on-Y change -10.25 Q3/2023 percent
 Business confidence survey 6.00 Q3/2023 points
 Purchasing Managers Index (PMI), composite 49.60 9/2023 index points
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