Hong Kong Retail Sales at 11-Month Low

Retail sales in Hong Kong rose 2.9% year-on-year in August 2026, accelerating from an upwardly revised 2.4% in July and marking the strongest growth since May. Sales of consumer durable goods surged (13.4% vs 2.5% in July), led by electrical goods (28.5% vs 11.6%), while growth also picked up for food, alcoholic drinks and tobacco (1.5% vs 1.2%) and other consumer goods (6.2% vs 5.5%). Moreover, sales rebounded for supermarkets (1.5% vs -0.1%) and clothing, footwear and allied products (0.3% vs -2.1%), while the decline in fuels eased (-24.2% vs -27.8%). In contrast, sales fell for jewellery, watches and clocks, and valuable gifts (-1.6% vs 9.6%) and department stores (-2.8% vs 0.3%). On a monthly basis, retail sales rose 2.9%, rebounding from a 0.9% decline in July.

Retail sales in Hong Kong rose 2.3% year-on-year in July 2026, unchanged from the previous month and remaining the weakest annual growth since July 2025. Growth slowed for food, alcoholic drinks and tobacco (1.2% vs 1.9% in June) and consumer durable goods (2.4% vs 6.3%), while sales of clothing, footwear and allied products (-2.1% vs 0.2%) tumbled. Meanwhile, growth accelerated for jewelry, watches and clocks, and valuable gifts (9.4% vs 7.4%) and other consumer goods (5.5% vs 4.3%). Declines also eased for supermarkets (-0.1% vs -0.8%) and fuels (-27.9% vs -28.3%), while department store sales rebounded (0.6% vs -4.4%). On a monthly basis, retail sales fell 0.9%, narrowing from a 6.8% decline in June.

Retail sales in Hong Kong rose 2.3% year-on-year in June 2026, slowing from 4.8% in the previous month and marking the weakest growth since July 2025. The slowdown reflected softer gains across major categories, including clothing, footwear and allied products (0.2% vs 2.3% in May), consumer durable goods (6.2% vs 9.6%), jewellery, watches and clocks, and valuable gifts (7.4% vs 10.7%), as well as other consumer goods (4.3% vs 7.9%). Moreover, department store sales declined (-4.4% vs 8.7%). In contrast, sales of food, alcoholic drinks and tobacco rebounded (2% vs -1.5%), while declines eased for supermarkets (-0.6% vs -1.1%) and fuels (-28.4% vs -28.7%). On a monthly basis, retail activity fell 6.8%, reversing a seven-month high of 7.3% in May 2026.