Retail sales in Hong Kong rose by 1% year-on-year in July 2025, rebounding from a 0.3% contraction in June. The increase was mainly driven by stronger sales of jewellery, watches, clocks and valuable gifts (7.5% vs 3.8% in June) and other consumer goods (6.4% vs 3.1%), alongside a rebound in clothing, footwear and allied products (2.4% vs -1.3%). Offsetting the gains, sales continued to decline for food, alcoholic drinks and tobacco (-4.3% vs -3.0%), consumer durable goods (-9.7% vs -9.2%), and fuels (-8.9% vs -6.4%), while department stores (3.5% vs 6.8%) saw softer growth. On a monthly basis, retail trade fell 0.9% in July, following a 4.5% drop in June 2025. source: Census and Statistics Department, Hong Kong

Retail Sales in Hong Kong increased 1 percent in July of 2025 over the same month in the previous year. Retail Sales YoY in Hong Kong averaged 2.30 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 September of 2025.

Retail Sales in Hong Kong increased 1 percent in July of 2025 over the same month in the previous year. Retail Sales YoY in Hong Kong is expected to be 2.00 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 2.40 percent in 2026 and 3.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-31 08:30 AM
Retail Sales YoY
Jun -0.3% 1.9% 0.2%
2025-09-01 08:30 AM
Retail Sales YoY
Jul 1% -0.3% 0.4%
2025-10-02 08:30 AM
Retail Sales YoY
Aug 1% 1.3%


Related Last Previous Unit Reference
Bank Lending Rate 5.25 5.25 percent Aug 2025
Consumer Spending 532537.00 500128.00 HKD Million Jun 2025
Gasoline Prices 3.65 3.55 USD/Liter Aug 2025
Households Debt to GDP 88.10 89.00 percent of GDP Dec 2024
Personal Savings 0.22 0.22 percent Jul 2025
Retail Sales MoM -0.90 -4.50 percent Jul 2025
Retail Sales YoY 1.00 -0.30 percent Jul 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
1.00 -0.30 39.30 -46.70 2005 - 2025 percent Monthly
Constant Prices, NSA

News Stream
Hong Kong Retail Sales Rise for Second Time This Year
Retail sales in Hong Kong rose by 1% year-on-year in July 2025, rebounding from a 0.3% contraction in June. The increase was mainly driven by stronger sales of jewellery, watches, clocks and valuable gifts (7.5% vs 3.8% in June) and other consumer goods (6.4% vs 3.1%), alongside a rebound in clothing, footwear and allied products (2.4% vs -1.3%). Offsetting the gains, sales continued to decline for food, alcoholic drinks and tobacco (-4.3% vs -3.0%), consumer durable goods (-9.7% vs -9.2%), and fuels (-8.9% vs -6.4%), while department stores (3.5% vs 6.8%) saw softer growth. On a monthly basis, retail trade fell 0.9% in July, following a 4.5% drop in June 2025.
2025-09-01
Hong Kong Retail Sales Return to Fall
Retail sales in Hong Kong fell by 0.3% year-on-year in June 2025, reversing a 1.9% gain in the previous month. Sales declined for food, alcoholic drinks, and tobacco (-3.0% vs 1.9% in May), supermarkets (-2.2% vs 0%), and clothing, footwear and allied products (-1.4% vs 4.8%). Additionally, sales continued to fall for fuels (-6.3% vs -3.0%) and consumer durable goods (-9.4% vs -0.6%), and the growth slowed for department stores (6.9% vs 7.1%) and other consumer goods (3.1% vs 5.7%). Meanwhile, sales rebounded for jewelry, watches, clocks, and valuable gifts (3.8% vs -7.3%). On a monthly basis, retail trade fell 4.5%, reversing a 9.2% advance in May 2025.
2025-07-31
Hong Kong Retail Sales Rebound in May After 14-Month Decline
Retail sales in Hong Kong increased by 1.9% year-on-year in May 2025, rebounding from a 3.3% decline in April and ending a 14-month downward streak. The recovery was driven by strong gains in clothing, footwear and allied products (4.8% vs -2.8%) and department stores (7.1% vs 1.9%), while sales contractions eased in fuel (-3.1% vs -9.9%), consumer goods (-0.5% vs -21.6%), alongside a stabilization in supermarket sales (flat vs -4.0%). Conversely, growth slowed in food, alcoholic beverages and tobacco (1.9% vs 2.5%) and other consumer goods (5.6% vs 7.3%), with further declines recorded in jewellery, watches, clocks and valuable gifts (-7.3% vs -5.8%). Looking ahead, the spokesman said that as the retail sector adapts to changing consumption patterns, the Government’s efforts to promote tourism and major events, together with rising employment income and steady growth in the Mainland China economy, will help boost consumer confidence and support the consumption market.
2025-07-02