Hong Kong’s annual retail sales rose 6.5% in November in value terms for a seventh month of gains, boosted by a sustained recovery in momentum, government data showed on Friday.
A view of Hong Kong – Reuters
Sales stood at HK$33.7 billion ($4.33 billion). In October, retail sales had risen 6.9% over the corresponding month a year before. In volume terms, November retail sales rose 4.4% from a year earlier, versus a rise of 5.3% in October.
For the first 11 months of 2025, the value of total retail sales rose 0.4% compared with a year earlier, while volume fell 0.9%. “Looking ahead, the gradual improvement in local consumption sentiment amid sustained economic growth, coupled with the vibrant growth in inbound visitors, will continue to benefit retail businesses,” a government spokesperson said.
November visitor arrivals surged to 4.19 million, up 17.4% on the year, figures from the Hong Kong Tourism Board showed, with visitors from mainland China accounting for 3.04 million, an increase of 18.9% in their numbers year-on-year.
Sales of jewellery, watches, clocks, and valuable gifts rose 3.6% in November on the year after October’s revised increase of 9.4%. Sales of clothing, footwear, and allied products increased 2%year-on-year in November following a rise of 0.9% in October.
