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HK May Value of Total Retail Sales Erodes 1.7% YoY, Far Missing Forecast
The Census and Statistics Department (C&SD) announced that the value of total retail sales in May 2022, provisionally estimated at $29.1 billion, decreased by 1.7% compared wit...
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HK May Value of Total Retail Sales Erodes 1.7% YoY, Far Missing Forecast
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2022/06/30 16:36
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The Census and Statistics Department (C&SD) announced that the value of total retail sales in May 2022, provisionally estimated at $29.1 billion, decreased by 1.7% compared with the same month in 2021, significantly missing the market forecast of an 8.4% increase.

The revised estimate of the value of total retail sales in April 2022 increased by 11.7% compared with a year earlier. For the first 5 months of 2022 taken together, it was provisionally estimated that the value of total retail sales decreased by 2.9% compared with the same period in 2021, the announcement added.
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