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HK May Retail Sales Slide Narrows to 32.8% YoY
The Census and Statistics Department announced today that the value of total retail sales in May 2020, provisionally estimated at $26.8 billion, decreased by 32.8% compared with th...
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HK May Retail Sales Slide Narrows to 32.8% YoY
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2020/06/30 16:34
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The Census and Statistics Department announced today that the value of total retail sales in May 2020, provisionally estimated at $26.8 billion, decreased by 32.8% compared with the same month in 2019 (against a 31.8% fall in consensus).

The revised estimate of the value of total retail sales in April 2020 decreased by 36.1% compared with a year earlier.

A government spokesman said that retail sales continued to fall sharply in May from a year earlier, as inbound tourism remained at a standstill and job and income conditions were weak. Nonetheless, the decline narrowed further from that in April thanks to the stabilised local epidemic situation and consequential easing of social distancing measures.
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