Hong Kong Retail Sales Rise for Second Time This Year

Retail sales in Hong Kong rose by 1% year-on-year in July 2025, rebounding from a 0.3% contraction in June.

The increase was mainly driven by stronger sales of jewellery, watches, clocks and valuable gifts (7.5% vs 3.8% in June) and other consumer goods (6.4% vs 3.1%), alongside a rebound in clothing, footwear and allied products (2.4% vs -1.3%).

Offsetting the gains, sales continued to decline for food, alcoholic drinks and tobacco (-4.3% vs -3.0%), consumer durable goods (-9.7% vs -9.2%), and fuels (-8.9% vs -6.4%), while department stores (3.5% vs 6.8%) saw softer growth.

On a monthly basis, retail trade fell 0.9% in July, following a 4.5% drop in June 2025.