🇨🇳 Hong Kong's retail streak has reached 11 months, and both the volume data and PBoC's timing suggest the underlying demand is softer than it looks Home Tags The day in view 🇨🇳 Hong Kong's retail streak has reached 11 months, and both the volume data and PBoC's timing suggest the underlying demand is softer than it looks Macro Soup Newsroom May 6, 2026 3 min read Share on X Share on Facebook Share on LinkedIn Share on Pinterest Email Copy link Hong Kong retail grew 12.8% year-on-year in March 2026, slowing from February's 19.3% as base effects faded. The PBoC followed with a 10bps repo rate cut to 1.4% and a 50bps RRR reduction, both taking effect in May. Read next Featured Post The week in view 📰 Weekly Macro Roundup: 2026-05-30 Paid Post The week in view 🇨🇳 China's industrial profits are at a 30-month high. Retail sales are at a 40-month low.
Paid Post The week in view 🇨🇳 China's industrial profits are at a 30-month high. Retail sales are at a 40-month low.
Paid Post The week in view 🇨🇳 China's industrial profits are at a 30-month high. Retail sales are at a 40-month low.
Paid Post The week in view 🇪🇺 Germany's May CPI misses by 30 basis points, and the energy impulse behind Schnabel's post-June case is already fading
Paid Post The week in view 🇬🇧 UK composite PMI fell to a 13-month low in May while services input costs hit an all-time survey high
Paid Post The day in view 🇨🇳 PBOC's May easing has reached the offshore channel, but the order book hasn't followed
