Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Hong Kong's retail sales continued their upward trend in December, with sales value rising 6.6% year-on-year, supported by stronger tourism and stable economic conditions. Total sales reached HKD 35 billion, while sales volume grew 5.1%, showing a broad-based recovery. For 2025 as a whole, retail sales value rose 1%, with volumes largely flat compared with 2024. Visitor arrivals increased over 9%, led by mainland Chinese tourists. Jewellery and luxury gift sales performed strongly, while clothing and footwear sales declined.
Hong Kong's retail sector recorded steady improvement as sales by value rose 6.6% year-on-year in December, marking the eighth consecutive month of growth, according to official data released earlier this week. The increase reflected a continued recovery in domestic demand, supported by improving economic conditions and higher visitor spending. Advertisement
Total retail sales during the month reached HKD 35 billion, equivalent to about USD 4.48 billion, slightly higher than the 6.5% annual growth seen in November. In volume terms, retail sales expanded 5.1% from a year earlier, compared with a 4.4% rise in the previous month, indicating broader-based consumption rather than price-led growth.
For the full year 2025, total retail sales value increased 1% from the previous year, while sales volume remained largely unchanged compared with 2024. This suggested that while recovery was gradual, it was sustained despite external uncertainties and cautious household spending.
The government noted that retail businesses were likely to benefit from improving local consumption sentiment, supported by solid economic momentum and continued growth in inbound tourism. Authorities highlighted that stronger visitor arrivals had played an important role in supporting certain retail categories, especially discretionary spending.
Tourism data showed that visitor arrivals in December rose sharply to 4.65 million, an increase of 9.2% from a year earlier. Visitors from mainland China accounted for around 3.35 million arrivals, reflecting an annual increase of 8.2% and reinforcing their importance to the city's retail and services sectors.
Retail performance varied across segments. Sales of jewellery, watches, clocks and valuable gifts recorded a strong annual growth of 14.3% in December, accelerating from a 3.6% increase in November, largely driven by tourist demand. In contrast, sales of clothing, footwear and related products declined 10.3% year-on-year, reversing a modest 2% increase seen a month earlier, pointing to uneven recovery across consumer categories.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
