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HK Last Dec Value of Total Retail Sales Tick Up 1.1% YoY; 2022's Edges Down 0.9%
The Census and Statistics Department (C&SD) released the latest figures on retail sales today (February 3). The value of total retail sales in December 2022, provisionally estimated at $33.7 billion, increased by 1.1% compared with the same month in 2021. The revised estimate of the value of total retail sales in November 2022 decreased by 4.1% compared with a year earlier.
For 2022 as a whole, the value of total retail sales was provisionally estimated at $349.9 billion, decreased by 0.9% in value and 3.4% in volume compared with 2021. The value of online retail sales was provisionally estimated at $34.6 billion, increased by 20.8% over 2021.
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