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Hong Kong's retail sales grew 6.5% year-on-year in November, extending gains for the seventh straight month as consumer sentiment and tourism activity continued to recover. Total sales reached HKD 33.7 billion, or about USD 4.33 billion, while volume growth stood at 4.4%. Visitor arrivals rose sharply, led by travellers from mainland China, supporting demand in key retail segments. However, cumulative figures for the first 11 months of 2025 showed only marginal value growth and a decline in volume, indicating a gradual and uneven recovery.
Hong Kong's retail sector continued its steady recovery as annual retail sales rose 6.5% in value terms in November, marking the seventh consecutive month of growth, according to government data released earlier this week. Total retail sales reached HKD 33.7 billion, equivalent to about USD 4.33 billion. The performance followed a 6.9% year-on-year increase recorded in October, indicating sustained momentum in consumer spending. Advertisement
In volume terms, retail sales expanded 4.4% from a year earlier, compared with a 5.3% rise in October. Despite the recent monthly improvements, the broader picture for the year remained mixed. For the first 11 months of 2025, the total value of retail sales edged up 0.4% year-on-year, while sales volume declined 0.9%, reflecting uneven demand conditions across the period.
The government attributed the continued improvement to a gradual recovery in local consumption sentiment, supported by steady economic growth. Authorities also pointed to a strong rebound in inbound tourism as a key driver for retail activity, especially in discretionary spending categories.
Tourism data showed that visitor arrivals in November climbed to 4.19 million, an increase of 17.4% compared with the same period last year. Mainland China remained the largest source market, contributing 3.04 million visitors, representing a year-on-year rise of 18.9%. The return of cross-border travel and improved connectivity have played a central role in lifting footfall across shopping districts.
Retail segments linked closely to tourism and lifestyle spending showed moderate gains. Sales of jewellery, watches, clocks and valuable gifts increased 3.6% year-on-year in November, following a stronger revised growth of 9.4% in October. Clothing, footwear and related products also recorded improvement, with sales rising 2% after a 0.9% increase in the previous month.
Source Reuters
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