Hong Kong Retail Sales Return to Fall

Retail sales in Hong Kong fell by 0.3% year-on-year in June 2025, reversing a 1.9% gain in the previous month.

Sales declined for food, alcoholic drinks, and tobacco (-3.0% vs 1.9% in May), supermarkets (-2.2% vs 0%), and clothing, footwear and allied products (-1.4% vs 4.8%).

Additionally, sales continued to fall for fuels (-6.3% vs -3.0%) and consumer durable goods (-9.4% vs -0.6%), and the growth slowed for department stores (6.9% vs 7.1%) and other consumer goods (3.1% vs 5.7%).

Meanwhile, sales rebounded for jewelry, watches, clocks, and valuable gifts (3.8% vs -7.3%).

On a monthly basis, retail trade fell 4.5%, reversing a 9.2% advance in May 2025.