/Nice Guys for Pexels

Total retail sales down 1.2% YoY in June

Total value for retail sales was $27.7b.

The value of total retail sales decreased 1.2% to $27.7b in June 2022 compared with the same period in 2021, the Census and Statistics Department (C&SD) said.

According to C&SD, a government spokesman said the retail sales improved in the second quarter with its value rebounding from the first quarter to mild year-on-year growth.

But the momentum softened in the latter part of the quarter along with increased infections and interest rate hikes by major central banks.

READ MORE: Situation of SMEs remains stable as diffusion index rises to 48.6

Of the total retail sales, online sales was over 8.2% with an estimated value of $2.3b, which is up 0.5% from June 2021.

Per retail outlet type, the value of sales in supermarkets decreased by 0.3%. Followed by sales in department stores which was down by 2.4%, wearing apparel (-4.0%), electrical goods and other consumer durable goods not elsewhere classified (-13.3%); medicines and cosmetics (-1.7%); motor vehicles and parts (-10.9%); furniture and fixtures (-1.8%); and footwear, allied products and other clothing accessories (-8.6%).

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


‘Wall-less’ office tears down barriers to collaboration amongst AnyMind’s creatives
The office opens up for employees to collaborate, relax, feed off one another’s energy, and enjoy ‘happy hour’ and ‘mental space.’
Auction houses thrive on Asian millennials’ art-buying power
Millennials are seen to be particularly drawn to contemporary art as growth for Christie’s, Sotheby’s, and Phillips are highly anticipated in art hubs Hong Kong and Singapore.
Hong Kong’s livi bank launches game-changing app for SMEs
Going fully digital on opening accounts and approving quick loans to SMEs raises ‘livi Business’ disbursements to over HK$70m (US$8.9m) as of end-April.