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Hong Kong's retail sector showed steady growth in October, with retail sales by value rising 6.9% year-on-year to HKD 35.2 billion (USD 4.52 billion), marking six months of consecutive gains. Sales volume increased 5.3%, while overall retail value for the first ten months remained stable despite a slight 1.5% volume decline. Visitor arrivals surged to 4.59 million, with Mainland Chinese tourists contributing significantly. Jewellery and luxury goods saw strong sales, while clothing and footwear rebounded modestly. Government officials expect continued support for retail from rising visitor numbers and improving local consumer sentiment.
Hong Kong's retail sector maintained its growth momentum in October, with retail sales by value rising 6.9% compared with the same period last year, marking the sixth consecutive month of gains, according to government data. Total sales reached HKD 35.2 billion (USD 4.52 billion), up from a revised 6% increase recorded in September. In terms of sales volume, October saw a 5.3% rise year-on-year, improving from a 4.8% increase in the previous month. Advertisement
For the first ten months of 2025, total retail sales by value remained broadly similar to last year, although sales volume slightly declined by 1.5%. Government officials noted that sustained growth in visitor arrivals and improving local consumer sentiment are expected to continue supporting retail activity in the coming months.
Visitor numbers in October surged to 4.59 million, a 12.2% increase compared with the same month last year. Mainland Chinese tourists contributed significantly, accounting for 3.45 million of total arrivals, reflecting a 10% rise year-on-year.
Breaking down sector performance, sales of jewellery, watches, clocks, and valuable gifts grew 9.5% in October, slightly below September's revised 10.3% increase. Meanwhile, clothing, footwear, and allied products rebounded, rising 0.9% after a 6.6% decline in September, indicating signs of recovery in the apparel segment.
The government highlighted that continued improvements in local spending confidence, coupled with strong tourist inflows, are likely to bolster retail businesses in the near term. Analysts note that this growth is supported by a recovering economy and the steady return of international visitors.
Source Reuters
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