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HK Apr Retail Sales Advance 12.1% YoY, Trailing Forecast
The Census and Statistics Department (C&SD) released the latest figures on retail sales today (June 1). The value of total retail sales in April 2021, provisionally estimated a...
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HK Apr Retail Sales Advance 12.1% YoY, Trailing Forecast
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2021/06/01 16:33
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The Census and Statistics Department (C&SD) released the latest figures on retail sales today (June 1). The value of total retail sales in April 2021, provisionally estimated at $27.0 billion, increased by 12.1% (consensus: +17%) compared with the same month in 2020. The revised estimate of the value of total retail sales in March 2021 increased by 20.2% compared with a year earlier.

Of the total retail sales value in April 2021, online sales accounted for 6.8%. The value of online retail sales in that month, provisionally estimated at $1.8 billion, increased by 27.2% compared with the same month in 2020. The revised estimate of online retail sales in March 2021 increased by 44.0% compared with a year earlier.

A government spokesman said that retail sales continued to grow visibly on a year-on-year basis in April due to a low base of comparison. Yet, retail sales volume was still far below its pre-pandemic level as inbound tourism remained frozen.
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