Retail sales in Hong Kong rose by 5.1% year-on-year in December 2025, picking up from a three-month low of 4.1% in the previous month. Sales continued to decline for food, alcoholic beverages, and tobacco (-0.4% vs -0.1% in November) and fuels (-22.3% vs -17%), while it slipped for clothing and footwear (-7.6% vs 1.6%) and department stores (-3.3% vs 3.1%). In addition, sales moderated for other consumer goods (4.7% vs 5.2%). Meanwhile, sales rebounded for supermarkets (0.6% vs -3.5%) and jewelry, watches, clocks, and valuable gifts (1.2% vs -5.9%), while it increased at a faster pace for consumer durable goods (39.6% vs 27.6%). On a monthly basis, retail activity increased 3.9%, recovering from a 4.1% fall in the previous month. source: Census and Statistics Department, Hong Kong

Retail Sales in Hong Kong increased 5.10 percent in December of 2025 over the same month in the previous year. Retail Sales YoY in Hong Kong averaged 2.35 percent from 2005 until 2025, reaching an all time high of 39.30 percent in March of 2023 and a record low of -46.70 percent in February of 2020. This page provides the latest reported value for - Hong Kong Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Retail Sales in Hong Kong increased 5.10 percent in December of 2025 over the same month in the previous year. Retail Sales YoY in Hong Kong is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Retail Sales YoY is projected to trend around 3.30 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-02 08:30 AM
Retail Sales YoY
Nov 4.4% 5.3% 5.1%
2026-02-03 08:30 AM
Retail Sales YoY
Dec 5.1% 4.4% 4.7%
2026-03-04 08:30 AM
Retail Sales YoY
Jan 5.1% 4.8%


Related Last Previous Unit Reference
Bank Lending Rate 5.00 5.00 percent Jan 2026
Consumer Spending 513934.00 532338.00 HKD Million Sep 2025
Gasoline Prices 3.74 3.71 USD/Liter Jan 2026
Households Debt to GDP 87.90 87.80 percent of GDP Jun 2025
Personal Savings 0.01 0.01 percent Jan 2026
Retail Sales MoM 3.90 -4.10 percent Dec 2025
Retail Sales YoY 5.10 4.40 percent Dec 2025


Hong Kong Retail Sales YoY
In Hong Kong, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 4.40 39.30 -46.70 2005 - 2025 percent Monthly
Constant Prices, NSA

News Stream
Hong Kong Retail Sales Pick Up
Retail sales in Hong Kong rose by 5.1% year-on-year in December 2025, picking up from a three-month low of 4.1% in the previous month. Sales continued to decline for food, alcoholic beverages, and tobacco (-0.4% vs -0.1% in November) and fuels (-22.3% vs -17%), while it slipped for clothing and footwear (-7.6% vs 1.6%) and department stores (-3.3% vs 3.1%). In addition, sales moderated for other consumer goods (4.7% vs 5.2%). Meanwhile, sales rebounded for supermarkets (0.6% vs -3.5%) and jewelry, watches, clocks, and valuable gifts (1.2% vs -5.9%), while it increased at a faster pace for consumer durable goods (39.6% vs 27.6%). On a monthly basis, retail activity increased 3.9%, recovering from a 4.1% fall in the previous month.
2026-02-03
Hong Kong Retail Sales Growth Slows in November
Retail sales in Hong Kong rose 4.4% year-on-year in November 2025, marking a modest pace in three months and slowing from a 5.3% increase in October. The slowdown was largely driven by declines in food, alcoholic beverages, and tobacco (-0.1% vs 3.8% in October), jewelry, watches, clocks, and valuable goods (-5.9% vs 0.8%), and fuel (-17.0% vs -8.9%), alongside slower growth in department stores (3.2% vs 6.3%) and other consumer goods (5.2% vs 5.5%). In contrast, retail activity picked up in clothing, footwear, and allied products (1.6% vs 1.4%) and consumer durable goods (27.6% vs 17.2%). On a monthly basis, sales fell 4.1% in November, reversing a 11.5% gain in October.
2026-01-02
Hong Kong Retail Sales Strongest Since 2023
Retail sales in Hong Kong rose by 5.3% year-on-year in October 2025, accelerating from a 4.8% gain in the previous month. It marked the strongest growth since November 2023, driven by higher sales of food, alcoholic beverages, and tobacco (3.8% vs 1.7% in September) and department stores (6.3% vs 2.6%). Trade in clothing, footwear, and allied products also rebounded (1.4% vs -7.8%), while fuel sales declined at a slower pace (-8.9% vs -14.5%). Conversely, sales moderated for consumer durable goods (17.1% vs 21%), jewelry, watches, clocks, and valuable goods (0.9% vs 6%), as well as other consumer goods (5.6% vs 5.7%). In addition, supermarket sales declined notably (-3.5% vs -0.4%). On a monthly basis, retail activity climbed 11.5% in October, from 2.7% in the prior month, marking the highest monthly increase since December 2022.
2025-12-01