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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong Retail Sales YoY climbed to 2.9% in August 2026
FMPMonthlyReleased October 2026
Hong Kong Retail Sales YoY climbed to 2.9% in August 2026, released October 2026, up 0.5% from July's 2.4% reading. The print exceeded the 1.9% consensus by 1.0%. The print is running well below the 12-month average of 5.77%. Over the past 3 months, Retail Sales YoY averaged 2.3%, vs 7.0% in the prior 3-month window. The reading is in the 54th percentile of the trailing 24-month range.
Latest Release
2.9
Actual
1.9
Consensus
2.4
Previous
Median Absolute Error
±1.39 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 1.45
Actual: 2.9
Error: -1.45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.56 | COMMODITIES | Moves with | → View |
| Nikkei 225 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| USD/HKD | ▼ Inverse | −0.33 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.27 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Retail Sales YoY (Hong Kong) was reported at 2.9% in October 2026. This beat the market consensus of 1.9% by 1%. The reading rose from the previous value of 2.4%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 5.38%, ranging from 2.3% to 17.5% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 2.5%, down from the prior three at 9.57%. Volatility over the past year (σ 4.03%) is lower than the prior year (σ 5.17%). In October readings over the past 3 years, Retail Sales YoY has averaged -0.23%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with Nikkei 225, positively correlated (Bullish Nikkei 225). Over the last 12 releases, the Sigmacast model's median absolute error is 1.39%.
WHAT TO WATCH NEXT
The next release is scheduled for November 3, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Retail Sales YoY - HK
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About Retail Sales YoY — Hong Kong
DEFINITION
Retail Sales YoY (Year-over-Year) is a financial indicator that measures the change in the total value of goods and services sold by retailers compared to the same period in the previous year. It provides insight into the strength of consumer spending and overall economic growth, making it a key metric for investors, businesses, and policymakers. A positive YoY growth indicates an increase in consumer demand, while a negative growth may signal a decline in consumer confidence and potential economic slowdown.
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 2.9 %, consensus 1.9 %. Prior reading (Jul 2026): 2.3 %. Before that (Jun 2026): 2.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.56) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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