31.10.202508:48:30UTC+00Hong Kong Retail Sales Growth at Near 2-Year High

Retail sales in Hong Kong witnessed a notable increase of 4.8% year-on-year in September 2025, surpassing the revised 3.4% growth observed in the prior month. This marks the most significant growth since December 2023, bolstered by a rebound in sales of food, alcoholic beverages, and tobacco, which climbed to 1.7% from a decline of 5.1% in August. Additionally, there was a strong recovery in consumer durable goods, registering a substantial 21% rise compared to a reduction of 2.4% previously. The decline in supermarket sales eased slightly, reducing to -0.3% from -2.8%. Conversely, the decline in trade continued for fuels, worsening to -14.5% from -11.6%, and sales slid for clothing, footwear, and related products, which fell by 7.2% following a 4.9% increase. Growth also slowed in sectors such as department stores with a 2.6% increase compared to 3.1% previously, jewelry, watches, clocks, and valuable gifts which grew by 4.9% compared to a prior 15.3%, and other consumer goods which increased by 5.7% as opposed to 7.9%. On a monthly basis, retail activity experienced a modest rise to 2.7% from 2.5% in August 2025.