Group 1 - The total retail sales value in July 2025 is estimated at HKD 29.7 billion, representing a year-on-year increase of 1.8% compared to July 2024 [1] - The total retail sales value for June 2025 was revised to show a 0.7% increase compared to June 2024 [1] - The total retail sales value for the first seven months of 2025 is estimated to have decreased by 2.6% compared to the same period in 2024 [1] Group 2 - Online sales accounted for 8.7% of the total retail sales value in July 2025, with an estimated value of HKD 2.6 billion, up 13.2% from July 2024 [1] - The online sales value for June 2025 was revised to show a 13.1% increase compared to June 2024 [1] - The total online sales value for the first seven months of 2025 is estimated to have increased by 2.1% compared to the same period in 2024 [1] Group 3 - The estimated total retail sales quantity in July 2025 increased by 1.0% year-on-year, while the revised estimate for June 2025 showed a decrease of 0.3% compared to June 2024 [1] - The total retail sales quantity for the first seven months of 2025 is estimated to have decreased by 4.0% compared to the same period in 2024 [1] Group 4 - In July 2025, the sales value of supermarkets increased by 0.2%, while other unclassified consumer goods saw a rise of 9.8% [2] - Jewelry, watches, and luxury gifts sales value increased by 9.4%, and clothing sales rose by 1.3% [2] - Conversely, the sales value of food, alcoholic beverages, and tobacco decreased by 3.1%, with automotive parts seeing a decline of 12.4% [2] Group 5 - The seasonally adjusted total retail sales value for the three months ending July 2025 increased by 2.1% compared to the previous three months [2] - The seasonally adjusted total retail sales quantity for the same period increased by 2.0% [2] Group 6 - A government spokesperson indicated that the retail sector's performance remains stable, with a slight acceleration in the year-on-year growth rate [3] - The local consumption atmosphere is expected to remain steady, supported by government efforts to promote tourism and major events [3]

Core Insights - The retail sales value in Hong Kong for March 2025 is estimated at HKD 30.1 billion, a decrease of 3.5% compared to March 2024 [1] - The total retail sales value for January and February 2025 was revised down by 7.8% compared to the same period in 2024 [1] - The estimated total retail sales value for the first quarter of 2025 shows a decline of 6.5% compared to the first quarter of 2024 [1] Retail Sales Breakdown - Online sales accounted for 8.1% of the total retail sales value in March 2025, with an estimated value of HKD 2.4 billion, down 0.5% from March 2024 [1] - The revised online sales value for January and February 2025 decreased by 2.4% compared to the same period in 2024 [1] - The estimated total retail sales quantity for March 2025 fell by 4.8% year-on-year, with a decline of 9.9% for January and February combined [1] Category Analysis - The sales value for jewelry, watches, and luxury gifts decreased by 3.9%, while clothing saw a decline of 10.8% [2] - The automotive sector experienced a significant drop of 46.4%, while furniture and fixtures fell by 17.3% [2] - Conversely, sales for supermarkets increased by 5.2%, and food, alcoholic beverages, and tobacco rose by 7.8% [2] Seasonal Adjustments - The seasonally adjusted retail sales value for the first quarter of 2025 increased by 3.8% compared to the fourth quarter of 2024, while the quantity rose by 2.2% [2] - The government spokesperson noted that the retail sales value for March 2025 showed a further month-on-month increase after seasonal adjustments, indicating a narrowing year-on-year decline [2] Future Outlook - The retail sector is expected to benefit from steady economic growth in mainland China, government initiatives to boost tourism, and rising employment income [3] - However, challenges remain due to increasing uncertainties in the global economic outlook and ongoing changes in consumer behavior [3]